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Macquarie Group to acquire Orion Financial Inc. |
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27 September 2007 Macquarie Bank Limited (MBL) today notes the attached release made in Toronto, Canada, overnight regarding the acquisition of Orion Financial Inc. MBL advises that the impact of the transaction on its Tier 1 capital ratio is expected to be immaterial. As mentioned in the attached release, consideration for the acquisition will comprise both cash and Exchangeable Shares. MBL is not required to seek shareholder approval in relation to the issue of the Exchangeable Shares. A summary of the key terms on which the Exchangeable Shares are issued is set out in the Annexure. Contacts:
Jenny Kovacs
Paula Hannaford Macquarie Group to acquire Orion Financial Inc. (pdf 92 KB) Macquarie Group to acquire Orion Financial Inc. annexure (pdf 16 KB) |
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| Important
information | Privacy
policy Macquarie Bank Limited ABN 46 008 583 542 |
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Where we provide any advice on this website, it has been prepared without considering your objectives, financial situation or needs. Before acting on any advice on this website, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. Past performance of any product described on this site is not a reliable indication of future performance. Any Macquarie subsidiary noted on this page is
not an authorised deposit-taking institution for the purposes of the Banking
Act (Cwth) 1959. That subsidiary's obligations do not represent deposits
or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL).
MBL does not guarantee or otherwise provide assurance in respect of the
obligations of that subsidiary, unless noted otherwise. |
