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Wide Bay Australia today announced that it has received an overwhelming response to its takeover offer for Mackay Permanent Building Society (MPBS).
Nearly 33 per cent of MPBS shareholders – including its founding families, chairman Richard Wallace and directors Tony Wallace and Gavan Porter – have accepted Wide Bay’s offer.
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Wide Bay managing director Ron Hancock said: “We are very pleased with the response we have received... [and] we are well on our way to completing the acquisition of MPBS.”
