IOOF Holdings Limited (ASX: IFL) has provided an update on the acquisition of ANZ P&I. It is reported that No Objection Notices has been received by OnePath Custodians Pty Limited & Australia and New Zealand Banking Group Limited (ASX: ANZ).
- Purchase price revised from $950 million to $825 million.
- Parties could terminate the transaction until 31 December 2019.
- Parties might extend the date to 30 June 2020.
By 12:40 PM AEST, IFL was trading at $6.78, up by 6.6% relative to the last close.