NAB won't rule out St George counterbid

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news.com.au May 14, 2008

NATIONAL Australia Bank (NAB) chief executive John Stewart has not ruled out a counterbid for takeover target St George Bank. The St George board yesterday endorsed an $18.6 billion takeover by the Westpac Bank and entered two weeks of exclusive negotiations. "We are watching it with interest to... [read full story]

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NAB won't rule out making St George bid

news.com.au May 14, 2008

NATIONAL Australia Bank (NAB) chief executive John Stewart has not ruled out the bank making a counterbid for St George Bank. The St George board yesterday endorsed a $19 billion takeover by Westpac Banking Corporation and entered two weeks of exclusive negotiations. "We are watching it with...

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St George counter-bid possible

news.com.au May 14, 2008

IT WOULD be hard for National Australia Bank or ANZ Banking Group to launch a counter-bid for St George Bank because the acquisition would take at least four years to pay off, analysts said today. But analysts at Goldman Sachs JBWere believe the banks might still be willing to suffer to get their...

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NAB not ruling out St George bid

news.com.au May 14, 2008

NATIONAL Australia Bank (NAB) chief executive John Stewart has not ruled out the bank making a counterbid for St George Bank. The St George (sgb.ASX:Quote,News) board yesterday endorsed a $19 billion takeover by Westpac (wbc.ASX:Quote,News) and entered two weeks of exclusive negotiations. "We are...

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NAB may bid for St George

news.com.au May 14, 2008

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NAB won't dismiss St George bid

news.com.au May 14, 2008

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Westpac's St George bid wobbles

news.com.au May 14, 2008

THE VALUE of Westpac's all-scrip bid for St George tumbled yesterday as investors staked bets on an improved offer in the pipeline. In stark contrast, St George rallied 85c or 2.5 per cent to $34.55 as a team of 50 Westpac executives and advisers began due diligence on the merger partner....

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NAB won't rule out St George bid

news.com.au May 14, 2008

By Richard Gluyas and David Uren NATIONAL Australia Bank will run the numbers on a St George Bank takeover, as a representative of a key investor group raised concerns yesterday about the target's rapid acceptance of Westpac's $19 billion, all-scrip takeover bid. NAB chief executive John Stewart...

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St George Bank bid wobbles

news.com.au May 14, 2008

THE VALUE of Westpac's all-scrip bid for St George tumbled yesterday as investors staked bets on an improved offer in the pipeline, possibly from National Australia Bank. In stark contrast, St George rallied 85c or 2.5 per cent to $34.55 as a team of 50 Westpac executives and advisers began due...

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CBA weighs St George options

news.com.au May 15, 2008

COMMONWEALTH Bank of Australia chief Ralph Norris yesterday refused to rule out a counter-bid or any spoiling action on Westpac's $19 billion takeover move on St George. Mr Norris told bank analysts his board was continuing to evaluate its strategic options but was yet to make a decision on...

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Expect another bid, says St George

news.com.au May 16, 2008

Glenda Korporaal | May 17, 2008 ST George Bank's share price indicates that the market is expecting a new offer, chief executive Paul Fegan said yesterday. He hit back at accusations that the St George board had agreed too quickly to accept the $19 billion Westpac all-scrip offer launched this...

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