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In 2007 Bendigo Bank rejected Bank of Queensland's merger/takeover proposal, [6] and merged with Adelaide Bank. The A$4 billion takeover was completed on 30 November. [ 2 ] Subsequently, shareholders voted to change the company's name to Bendigo and Adelaide Bank Limited , with the change taking effect from 31 March 2008.
The ASX 200 is capitalisation-weighted, meaning a company's contribution to the index is relative to its total market value i.e., share price multiplied by the number of tradeable shares. The ASX 200 is also float adjusted , meaning the absolute numerical contribution to the index is relative to the stock's value at the float of the stock.
1940: J. J. Price, Newcastle Stock Exchange chairman, suspended all meetings until after the Second World War. 1947: Meetings recommenced. 1985: Meetings ceased. 2000: The Newcastle Stock Exchange was re-established. 2005: Acquired the Bendigo Stock Exchange (now called IR Plus Securities Exchange), including the operation of the BSX Taxi Market
On 9 August 2007 it merged with Bendigo Bank (ASX: BEN) to form Bendigo and Adelaide Bank Limited, and Adelaide Bank shares ceased to be quoted on the top 100 ASX for companies with more than 110,000 shareholders. [2] Since 2008 the new entity has been known as the Bendigo and Adelaide Bank. [3]
It was founded in the 1860s as the Sandhurst Mining Exchange (Bendigo was called Sandhurst before it became a city), to list shares in mining companies working the rich goldfields of Bendigo and surrounding areas. The 1870s were the heyday of the exchange, business was booming, and special trains brought investors from Melbourne to buy shares ...
Bendigo and Adelaide Bank: Bendigo: 3.0 0.3 67.9 2.6 Banking 26 1734 Bank of Queensland: Brisbane 11.5 0.2 65.9 2.6 Banking 27 1811 BlueScope: Melbourne 11.5 0.5 10.4 6.3 Iron and Steel 28 1863 Ramsay Health Care: Sydney 10.6 0.6 14.1 7.6 Health care: 28 1863 Vivo Energy: Melbourne 17.8 2.5 6.6 3.6 Oil and gas 30 1915 Scentre Group: Sydney 1.7 ...
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank.There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, [1] and a large number of other financial institutions, such as credit unions, building societies and mutual banks ...
The all-stock deal valued St.George at A$18.6 billion (US$17.5 billion), or A$33.10 a share, a premium of 28.5% to the closing price of St.George shares on 9 May in Australia. St.George shareholders received 1.31 Westpac shares for each St.George share and owned 28.1% of the new entity.