St George buys into Bourse Data

Bourse Data shares increased by 16 per cent closing at $1.41 after an announcement had been made that the St George Bank had bought 4.55 million shares for $10 million after Bourse Data shareholders voted in favour for the move. 10 per cent of Bourse Data is now owned by St George, which also has the option of buying up to 70 per cent of the financially troubled company.

‘Bourse Data shareholders approve St George deal', Nicole Lindsay, The Australian Financial Review, 20/06/00, p 39.

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