Auswide Bank (ASX:ABA) said the Supreme Court of New South Wales ordered the postponement of a meeting for Auswide shareholders to vote on the proposed acquisition of the company by MyState's (ASX: MYS) MyState Bank subsidiary, according to a Thursday filing with the Australian bourse.
The meeting will be moved to Feb. 3, 2025, from Dec. 2 amid ongoing regulatory discussions with the Australian Prudential Regulation Authority, the filing said.
The second court hearing, originally scheduled for Dec. 6, will also be moved to Feb. 7, 2025.
The proposed acquisition will see MyState Bank acquire 100% of Auswide's shares by way of a scheme of arrangement.
Auswide Bank's share fell past 1% in recent Friday trade.
Price (AUD): $4.44, Change: $-0.06, Percent Change: -1.33%
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