ANZ to buy Suncorp’s banking arm for $4.9 billion - Sydney Morning Herald

ANZ shares were put into a trading halt on Monday morning, as the bank said it would seek to raise about $3.5 billion in new equity to help fund the all-cash purchase.

Suncorps Chair, Christine McLoughlin, said the deal was aimed at creating value for shareholders, arguing that a break-up of the financial services conglomerate made more sense for investors. Both b… [+3099 chars]

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