BEN 1.69% $10.25 bendigo and adelaide bank limited

Sounds like the SUN deal may be off the table with rumour the...

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    Sounds like the SUN deal may be off the table with rumour the CEO resigned because of differences with the board over BEN buyout but this from a newsletter today.

    A rally in regional banks Bank of Queensland(BOQ) and Bendigo and Adelaide (BEN) has revived speculation that a tie up between the two is likely. Any move to combine the banks would create numerous advantages, including greater firepower competing in the mortgage market. Both rely to a large extent on mortgage brokers to originate loans. Media reports that Suncorp has also been eyeing BEN with an offer believed to be around 21% above the current share price although this was rebuffed. Any deal to buy BEN is complicated by its community banking structure making a deal with BOQ more likely. Looks like there is some action to come in the regional sector.
 
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
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