This tie up has been touted for some time however it makes total sense in MM’s view, both banks are capped ~$6bn and are in need of major IT upgrades, both in terms of delivering on customer expectations on the technology side plus of course meeting growing regulatory demands. If a deal was to be done, we would expect both BOQ and BEN shareholders would benefit.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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We like the prospect of a BEN/BOQ tie up
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