The reforms are expected to come into force on 1 January 2026, introducing a mandatory notification requirement for deals above certain thresholds.
April 12, 2024Companies will have to disclose the purpose, expected outcome, price and cost of M&A transactions, along with the reasons for any dissenting opinions from the board.
March 8, 2024ANZ and Suncorp welcomed the decision, while acknowledging that additional approvals are still needed to complete the deal.
February 20, 2024State media Xinhua published and then deleted a report saying Cinda, Orient and Great Wall would merge into CIC.
January 30, 2024Treasurer Jim Chalmers said any changes to merger rules would be about "delivering greater benefits to the economy and to consumers, and providing certainty to business".
November 21, 2023Internal UBS document says uncooperative regulators could jeopardise the timeline of the merger as well as other related transactions.
September 20, 2023The ACCC said a merger between Bendigo and Adelaide Bank and Suncorp would be a better outcome.
August 7, 2023The proposed reforms will enable Korean financial firms to more easily invest in and provide financial support to overseas subsidiaries.
July 20, 2023The amount represents about 7 percent of what Elliott sought from a 2018 lawsuit it filed against the South Korean government.
June 22, 2023Credit Suisse had been preparing for years to set up a wholly owned local bank in China.
June 2, 2023