i read the other day that the accc has referred 9 of these takeover submissions to the market and has given the ok on all 9 occasions........but there is always a first time hey.
I'm hearing that the case put forward by nab is not particularly strong......and the whole thing is confused by the fact that AMP, NAB and AXA have all had their sp hammered....
AMP is the accc preferred suitor but at what price??? they are at a 1yr low and their previous offer was considered lowball by axa....on the other hand NABs price is possibly too expensive now.....I hope not!
AXA Price at posting:
$5.35 Sentiment: Hold Disclosure: Held