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Wide Bay ups stakes to net Mackay Permanent

3 minute read
The Adviser

Building society Wide Bay Australia has increased its bid for Mackay Permanent Building Society (MPBS) in a move to sway MPBS shareholders away for a proposed merger with the Bank of Queensland (BoQ).

This is the second time Wide Bay has raised its offer since July 24, when it first launched the takeover bid.

MPBS has yet to respond to Wide Bay’s latest offer.

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