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Wide Bay launches $56.6 million takeover bid for Mackay Permanent

by Staff Reporter•Tuesday, 30 Oct 2007•6 minute read
The Adviser

Wide Bay Australia yesterday announced an off-market takeover bid for Mackay Permanent Building Society (MPBS).

According to Wide Bay managing director Ron Hancock the combined Wide Bay and MPBS would be “the financial institution of choice” for residents of fast-growing Central and North Queensland.

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Wide Bay’s offer period is expected to commence on November 12 and end December 12 2007, unless extended by Wide Bay.

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