The Bank of Queensland’s (BoQ) bid for a merger with Mackay Permanent Building Society (MPBS) remains strong as a counter proposal from Wide Bay Limited was dismissed by MPBS directors on Friday.
MPBS chief executive officer Bob Neely said: “MPBS’s directors do not support Wide Bay’s offer and unanimously recommend that, in the absence of a superior proposal, MPBS shareholders vote in favour of the BoQ merger proposal at the scheme meeting on 21 November 2007.”
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Want to see more stories from trusted news sources?
Make The Adviser a preferred news source on Google.
Click here to add The Adviser as a preferred news source.
Tags:
