ANZ withdraws from MYOB acquisition talks
Australia and New Zealand Banking Group (ANZ) has ended its pursuit of KKR-owned Australian accounting software provider MYOB just days after confirming talks over a potential acquisition.
ANZ announced its withdrawal from the deal – reportedly worth AUD 4bn (USD 2.7bn) in a filing but offered no reason. The move coincides with ANZ agreeing a AUD 4.9bn purchase of Suncorp’s banking business....
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