NAB 0.41% $27.02 national australia bank limited

*** NAB Buyback ceases, see below

  1. 346 Posts.
    NAB buyback has been on ice for over a week as I mentioned previously. See below.

    From the AFR today:
    National Australia Bank Ltd. (NAB) has put its share
    buyback program on hold, raising speculation that it has reentered merger talks
    with a U.K. financial institution, the Australian Financial Review reports
    There is also speculation that NAB may be negotiating a sale of its Homeside
    assets, the newspaper said.
    Merger talks with the U.K.'s Abbey National PLC (ANBA) reportedly broke down
    earlier this month. Speculation has also linked NAB with a possible merger with
    the U.K.'s Alliance & Leicester PLC (U.ALC).
    Newspaper Web site:
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