News

CBA likely to bid for Colonial

Wednesday 8th of March 2000
ASB Bank's parent company, Commonwealth Bank of Australia, is expected to make a A$9 billion friendly takeover bid for Colonial in the next few days.

Colonial asked the Stcok Exchange to suspend trading in its shares late yesterday, saying it is currently "in certain negotiations, which maybe material to the share...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.