Suncorp’s ANZ proceeds first quarter 2025 The Australian
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Will Suncorp Shareholders Get Anz Shares. ANZ takeover of Suncorp Treasurer Jim Chalmers gives final approval for major bank However, the proceeds wont be delivered to shareholders until 2025 The expectation is for ~$4.1bn to be returned to shareholders but the exact amount and special dividend details wont be known until the March quarter of 2025 according to SUN.
ANZ acquisition of Suncorp approved following Australian Competition Tribunal decision from smallcaps.com.au
For ANZ shareholders, however, there will be a silver lining in the form of a blockbuster share buyback or special dividend, after it raised $3.5 billion of capital in 2022 to fund the acquisition. The capital return and accompanying share consolidation were approved by Shareholders at Suncorp's 2024 Annual General meeting held on 22 October 2024
ANZ acquisition of Suncorp approved following Australian Competition Tribunal decision
Macquarie, UBS launch ANZ Bank's $3.5b raising ANZ Banking Group shares won't trade until Thursday, allowing time for the group to go cap in hand to shareholders with a $3.5 billion raising. For ANZ shareholders, however, there will be a silver lining in the form of a blockbuster share buyback or special dividend, after it raised $3.5 billion of capital in 2022 to fund the acquisition. The Suncorp share price has fallen 8% since it and ANZ announced the $4.9 billion plan for.
ANZ SUNCORP MERGER STOCK, A Suncorp sign in Sydney, Tuesday, February 20, 2024. The Australian. The Suncorp share price has fallen 8% since it and ANZ announced the $4.9 billion plan for. ANZ shares were largely flat in early trading on Friday, while Suncorp shares jumped by more than 4.5 per cent to $17.58
ANZ takes stand in Suncorp legal battle The Courier Mail. The capital return and accompanying share consolidation were approved by Shareholders at Suncorp's 2024 Annual General meeting held on 22 October 2024 Suncorp Group CEO Steve Johnston said the completion of the sale was a significant strategic milestone and enabled Suncorp as a dedicated insurer to sharpen its focus on the way it delivered insurance to its customers and value for shareholders.