Buy custom St George Bank Undervalue Bid
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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 322 |
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"This is a highly strategic asset and the offer provides no premium to the long-term average at which the stocks have traded," one shareholder, who will not be accepting the offer, told The Australian yesterday.
"There has been a lot of scare-mongering in the media to help get the deal across the line, but the fact is that the St George loan book has a better mix of exposures and is well-placed to outperform the other banks as credit quality for the sector deteriorates...
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"This is a highly strategic asset and the offer provides no premium to the long-term average at which the stocks have traded," one shareholder, who will not be accepting the offer, told The Australian yesterday.
"There has been a lot of scare-mongering in the media to help get the deal across the line, but the fact is that the St George loan book has a better mix of exposures and is well-placed to outperform the other banks as credit quality for the sector deteriorates...
Essay fragment
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