ACCC Sour on ANZ/​Suncorp Bank Deal Makes for A Good Trade

• This morning, ACCC announced that it had released a "Statement of Preliminary Views" on the ANZ/Suncorp deal and sought further views. 

• For now, the ACCC questions "the nature, likelihood, and extend of claimed public benefits" including synergies or claims regarding investment in Queensland. 

• Based on my reading of the document, this view is likely to carry over through the final decision due mid-June 2023. That means there's likely a trade here.