With all the heightened risks around financial services revealed by the RC, is the ANZ deal still worth 25 x earnings?
Given that IOOF raised capital selling shares at $10.60, wouldn't the most value accretive place for IOOF to now allocate that money be in a massive share buy back at current prices?
If ANZ's BOD have an obligation to act in the best interest of their super fund members, then surely selling their accounts to people accused of not being "fit and proper" to run a super fund would fail that test?
Thoughts??
Should the ANZ deal fold?
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$3.12 |
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| Open | High | Low | Value | Volume |
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| 6 | 25983 | $3.11 |
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| Price($) | Vol. | No. |
|---|---|---|
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