Suncorp-Metway Declines Golf Course IPO Gives Goldman $1.04 Billion (Folo) BUSINESS ASIA By Bloomberg

Shares in Suncorp-Metway had their biggest two-day decline in five years after some analysts said the company was unlikely to be a takeover target after agreeing to buy Promina Group for 7.9 billion Australian dollars, or $6 billion.Suncorp of Brisbane, Australia, agreed to buy Sydney-based Promina, the second-biggest Australian home and car insurer, paying 25 percent more than the target's market value two weeks ago. The deal requires any potential bidder for Suncorp to buy Promina.....

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