The Bank of Western Australia said yesterday that an A$1 billion ($1.12 billion) bid for the bank by half-owner British bank HBOS would be paid entirely in cash.
HBOS unveiled plans this month to buy the rest of the bank for A$4.25 a share.
At the time it said part of the offer might be paid through a special dividend.
BankWest expects to make a recommendation on the offer to shareholders next month.
$1.1b cash offer for Bank of Western Australia
AdvertisementAdvertise with NZME.
