Christopher Niesche: Why shareholders are nervous as ANZ eyes SunCorp

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ANZ CEO Shayne Elliott: “As the smallest of the big banks, we believe a stronger ANZ will be able to compete more effectively in Queensland.” Photo / Provided

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ANZ shareholders will be watching nervously over the bank’s planned acquisition of small Queensland bank Suncorp.

At first glance, the A$4.9 billion ($5.3 billion) takeover seems like a good idea.

Announcing the deal, ANZ

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