Bendigo Bank warns on share offer

Bendigo Bank today warned its 50,000 shareholders they may receive a letter from Share Buying Group Pty Ltd, or others, offering to buy their shares at a price below the current market value.

Bank spokesman Owen Davies said letters currently circulating were offering to purchase Bendigo Bank shares at $10.00 each.

“This offer is significantly under the current market value of the Bendigo Bank shares,” Mr Davies said.

Bendigo Bank shares closed trading yesterday at $13.74 and the 52 week range has been $11.63 to $15.31.

“We would urge our shareholders to seek independent financial advice and check the current price of Bendigo Bank shares before taking any action in response to an unsolicited offer for their shares,” Mr Davies said.

Shareholders can view Bendigo Bank share prices on our website.