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Auswide Bank Ltd Delisted Following Acquisition by MyState Bank

Story Highlights
  • Auswide Bank Ltd will be delisted following its acquisition by MyState Bank.
  • The acquisition indicates a consolidation in the banking sector, enhancing MyState Bank’s presence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Auswide Bank Ltd Delisted Following Acquisition by MyState Bank

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Auswide Bank Ltd. ( (AU:ABA) ) has provided an update.

Auswide Bank Ltd will be removed from the ASX Official List following a scheme of arrangement where MyState Bank Limited will acquire 100% of its shares. This move signifies a consolidation in the banking sector, potentially impacting stakeholders by enhancing MyState Bank’s market presence and operational capacity.

More about Auswide Bank Ltd.

Auswide Bank Ltd is a financial institution operating in the banking sector, primarily offering a range of banking and financial services to its customers.

YTD Price Performance: 5.36%

Average Trading Volume: 54,004

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$264M

For an in-depth examination of ABA stock, go to TipRanks’ Stock Analysis page.

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