Under the proposal, Bendigo Bank shareholders were to receive 0.748 Bank of Queensland shares and A$5.50 for each of their Bendigo Bank shares. Based on MondayÆs closing of Bank of Queensland shares, the merger valued Bendigo BankÆs shares at A$19.60 a piece, representing a 48% premium to its share price before the takeover was launched on March 16.
On Tuesday,...
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