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    PTSB Shareholders Vote on €1.6bn Takeover Offer

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    Shareholders of PTSB bank will vote today on a €1.6 billion takeover proposal from Austrian group Bawag during an extraordinary general meeting in Dublin. The State, holding 57.4% of shares, supports the deal, which requires 75% approval. Concerns have been raised about the offer price, which is below PTSB's net asset value, despite backing from some advisory firms.
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