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Wide Bay a step closer to netting Mackay

by Staff Reporter7 minute read
The Adviser

Wide Bay Australia today announced that it has received an overwhelming response to its takeover offer for Mackay Permanent Building Society (MPBS).

Nearly 33 per cent of MPBS shareholders – including its founding families, chairman Richard Wallace and directors Tony Wallace and Gavan Porter – have accepted Wide Bay’s offer.

Wide Bay managing director Ron Hancock said: “We are very pleased with the response we have received... [and] we are well on our way to completing the acquisition of MPBS.”


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