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ANZ Takeover of Standard Chartered Is ‘Unlikely,’ Says Citi 2014-01-13 12:33:41.106 GMT
By Howard Mustoe Jan. 13 (Bloomberg) -- Takeover of Standard Chartered by Australia & New Zealand Banking Group after London-based lender’s share price fell by about 30 percent over last 9 months is “possible but unlikely,” Citi analysts led by Craig Williams write in note to investors today. * Dual-traded combined co. would limit tax effect on dividends from transaction for ANZ shareholders: Citi * Dual-traded co. would also limit cost savings: Citi * ANZ spokesman wasn’t available to comment outside of business hours, while a Standard Chartered spokeswoman, Neema Patel in London, declined to immediately comment
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