BUZZ-Australia's MyState rises on merger approval from NSW government

Reuters
07 Feb
BUZZ-Australia's MyState rises on merger approval from NSW government

** Shares of financial services firm MyState Ltd MYS.AX rise 1% to A$4.595

** Earlier in the session, stock hit its highest level since Aug 19, 2022

** Australia's Auswide Bank ABA.AX, co's takover target, says the Supreme Court of New South Wales has approved ABA's buyout by MyState MYS.AX unit, MyState Bank

** Co says that ABA stakeholders will receive 1.112 MyState shares for each share held

** ABA stock up 1.6% at A$5.080

** MYS shares have gained 3.14% YTD, including current session's moves

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10