Will Westpac Become Australia’s Biggest Bank?
If Westpac had it?s way and took over Australia’s fifth largest bank, St George Bank.
This would create Australia’s biggest bank by market capitalisation
Westpac is offering 1.31 of its shares for each St George share, which values the takeover target at around $19 billion. Talk about huge sums of money.
More of this at: www.forbes.com/afxnewslimited/feeds/afx/2008/05/21/afx5036907.html
