Westpac and St George agree on key merger terms

An agreement was signed today for a two week exclusivity period during which the parties would undertake reciprocal due diligence and negotiate the terms of a Merger Implementation Agreement.

The St George Board will recommend the merger to shareholders however it will still be subject to regulatory approvals by the Federal Treasurer, APRA as well as the ACCC.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 13 May 2008