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In July 2022, ANZ announced its plan to acquire Suncorp for $4.9 billion, pending regulators' approval. Discuss the implications of this proposed acquisition for ANZ's

In July 2022, ANZ announced its plan to acquire Suncorp for $4.9 billion, pending regulators' approval.

Discuss the implications of this proposed acquisition for ANZ's operations, and for the overall Australian banking market.

Word count requirement: 200 words (180-220 is a reasonable range).

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