Reuters
International Herald Tribune
05-14-2008
More mergers could follow (folo) St. George agrees to bid from Westpac Deal gets mixed reviews from investors
Byline: Reuters
Edition: 4
Section: FINANCE/BUSINESS
The largest banking takeover in Australia's corporate history has prompted investors to pile into shares of smaller banks in the hope of a sector shake-out, Reuters reported from Melbourne.
Westpac's bid for St. George might push another major bank to bid for a smaller regional lender, analysts said.
Other possibilities include the merger of two regional banks, or a large rival bank attempting to block the St. George deal.
"It's the infectiousness about the takeover," said Michael ...