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ANZ bids for Etrade in broking challenge

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ANZ is to challenge Commonwealth Bank’s stranglehold on theelectronic share trading market through its CommSec business. – (Sydney Morning Herald — 20 February, 2007)
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ANZ wants to spend $268 million on Australia’s second-largestonline share broker to challenge Commonwealth Bank’s dominance ofthe industry. – (The Age — 20 February, 2007)
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ANZ bids for Etrade in broking challenge
ANZ bids for Etrade in broking challenge

Banking group ANZ has made a takeover offer worth nearly $270 million for the online share trade business E-Trade ANZ already owns a third of E-Trade and wants to acquire the rest of the company (ABC News — 19 February, 2007)
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