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As part of the Awesome festival there is a sandcastle exhibition in the Cultural Centre, Northbridge, which will be demolished on Sunday.
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Home Building Society Ltd agreed to acquire Police & Nurse Credit Society Ltd
1points
Home Building Society Ltd has offered to acquire Police & Nurse Credit Society Ltd (PNCS) for AUD215 million (US$161.3 million) in stock. Home Building Society is also proposing an alternative offer up to AUD243 million (US$182.4 million) as for PNCS shares, valuing PNCS at 23 times net profit for its core financial services business plus market valuation of the property development and other non-core assets. The combined business is expected to provide Western Australia a strong local alternative to the big banks.
Source: http://www.mergerstat.com/baystreet3.asp?ID=154161&s=&am…
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