A few people I've been talking to about shares recently have mentioned about buying Bendigo shares - in hope for a take over from one of the larger banks. So like a dufus, I've nodded my head and agreed... not having any real clue as to why that would be a good thing!!
So here I will ask 'why' in case I get asked is it a good idea. In simple layman's terms... why would it be good to hold Ben shares if/when there is a take over by one of the larger banks?
thanks in advance!