| Bank australia hbo takeover Original Source Link: (May no longer be active) http://sg.biz.yahoo.com/030818/15/3dh2z.htmlhttp://sg.biz.yahoo.com/030818/15/3dh2z.html
Monday August 18, 5:11 PM Bank Of W Australia Shareholders Approve HBOS Takeover
SYDNEY (Dow Jones)--Bank of Western Australia Ltd.'s (A.BWA) minority shareholders approved schemes of arrangement Monday, allowing U.K. parent, HBOS PLC (U.HBS), to buy them out at a price of A$4.25 a share.
Shareholders on the BankWest register as of Aug. 13 also will receive an interim dividend of 10 cents a share.
Some 84% of shares voted went in favor of the HBOS proposal, as did 79.9% of shareholders voting in person or by proxy.
BankWest optionholders similarly approved a scheme to cancel all options in exchange for cash.
HBOS owns around 57% of BankWest.
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