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ISCOVER
Staff reporter
The ACCC has announced it will not oppose the proposed acquisition of Count Financial by the Commonwealth Bank.
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Yesterday, CBA announced it would seek to acquire Count Financial by way of schemes of arrangement.
The schemes remain subject to a number of conditions, including Count security holder's approval, Court approval of the Scheme and no material adverse change occurring.
The share scheme requires the approval of Count shareholders and will be considered at a meeting held at 10.00am Friday, 25 November 2011 at the Count Financial offices.
The option scheme requires the approval of Count option holders and will be considered at a meeting of Count option holders to be held at the later of 10.30am.
