Why? BEN has been the 5th largest retail bank for many years, how is now different? Bank's are already concerned about their capital management (deferring dividends, raising capital), it's more likely that they are looking at divestment to shore up their capital ratios rather than acquisitions.
Now sure why this would be a consideration right now. Post Royal Commission expenses mixed with lower interest rates and squeezed profit margins makes any acquisitions extremely unlikely. For a long time to come.
Takeover Target for sure, page-2
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Last
$11.71 |
Change
0.060(0.52%) |
Mkt cap ! $6.650B | |||
| Open | High | Low | Value | Volume |
| $11.73 | $11.82 | $11.71 | $17.10M | 1.453M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6776 | $11.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.72 | 6970 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BEN (ASX) Chart |