Auswide Bank (ABA AU)/MyState Ltd (MYS AU): 2nd Dec Merger Vote
On the 19th August, MyState Ltd (MYS AU), Tassie's largest bank, entered into a merger agreement by way of a Scheme with Queensland-based Auswide Bank (ABA AU).
MyState will issue 1.112 new shares for every share held by Auswide shareholders, with MyState/Auswide investors holding 65.9%/34.1% ownership in the MergeCo.
The Scheme Booklet is now out, with a Scheme Meeting to be held on the 2nd December Expected implementation on the 18th December. The IE (Kroll) says fair & reasonable.
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