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Financial planningFuneral Bonds

Be wary of purchase offer, shareholders warned

28 November 2002 |Media centre

Bendigo Bank managing director Rob Hunt today warned his Company's shareholders they might receive an "unfair offer" to buy their Bendigo Bank shares.

Mr Hunt said several shareholders had alerted the bank about a targeted offer they had received in the mail to sell their shares off-market for a cash payment of $5.00 per share.

"That is not a fair price based on the stockmarket's current valuation of Bendigo Bank. Yesterday's closing price for our stock was $8.20 per share.

"We recommend shareholders reject the offer of $5.00, or at least seek independent advice before considering selling their shares.

"The bank's share registry can also provide shareholders with contact details for registered brokers who can obtain correct market value for their shares if they wish to sell Bendigo stock."

Bendigo Bank share registry can be contacted on 1800 646 042.

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Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

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