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Home shareholders support BoQ merger

by Staff Reporter6 minute read
The Adviser

A proposed $600 million merger between the Bank of Queensland (BoQ) and Home Building Society (Home) was overwhelmingly supported by Home shareholders in Perth on Friday.

A total of 94.39 per cent of shareholders supported the merger, which will be implemented by way of a Scheme of Arrangement.

Home and BoQ will now seek final court approval for the Scheme of Agreement at a Federal Court hearing tomorrow 4 December.

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