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Investment

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: CBA,  David Murray,  Merlon Capital Partners,  Analyst Hamish Carlisle,  Australia Carlisle,  Australians,  BHP,  Colonial Limited for,  New Bank,  REST Industry Super,  Royal Commission,  UK