RAMS shareholders approve sale
Monday November 26, 2007
It comes as little surprise that shareholders of Rams Home Loans have approved the sale of the lender's franchise home loan distribution business and brand.to Westpac Banking Corporation for $140 million.
Almost 90% of shareholders voted to approve the deal, which was recommended by the board.
RAMS listed on the ASX at $2.50 per share. On Monday the price had "soared" to .30c after news that the sale would go through.
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