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Colonial acquisition cost CBA shareholders $53bn: Merlon

CBA's decision to purchase Colonial under then chief executive David Murray destroyed $53 billion of value to shareholders in today's dollars, says Merlon Capital Partners.

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Read more: CBADavid MurrayMerlon Capital PartnersAnalyst Hamish CarlisleAustralia CarlisleAustraliansBHPColonial Limited forNew BankREST Industry SuperRoyal CommissionUK