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BJM ACQUISIITON

First National Bank’s (FNB’s) listed parent FirstRand Limited, announced that it made an offer for 100% of Barnard Jacobs Mellet Holdings Limited (BJM) issued ordinary share capital at a price of R4.50 per share on 21 June 2010. The largest operation acquired in this transaction, BJM’s highly regarded stock-broking business will be integrated into FNB’s Wealth Segment.

Click here to download the circular to BJM shareholders.