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Australia's Westpac bids $17.6 billion for St George (Reuters)
Published at 13 May 2008, 00:13 GMT

A man drives his car in front of a St. George bank in Sydney May 12, 2008. Westpac Banking Corp Ltd, Australia's fourth-biggest bank, said it was in takeover talks with St George Bank Ltd, valued at $14 billion, to create the country's largest bank by market capitalisation. (Daniel Munoz/Reuters)Reuters - Westpac Banking Corp Ltd
launched a $17.6 billion all-share bid for smaller rival St
George Bank Ltd in a tie-up that would create
Australia's biggest bank by market value.


 
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