‘No evidence’ Bawag’s €1.6bn PTSB offer is ‘bad deal for shareholders’, court told
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A court was told that a 1.6 billion euro offer for the lender PTSB from Bawag is a bad deal for shareholders. It was stated that there is no evidence to support the offer. Axis Capital is said to lack the resources needed to implement an offer for the Irish lender.
Axis Capital ‘lacks the resources to actually implement an offer’ for the Irish lender