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HBOS confirms Lloyds merger talks

By
Nishikant
on September 17, 2008 11:22 PM | | Comments (0) | TrackBacks (0)
HBOS has confirmed it is in advanced talks with Lloyds TSB about creating a UK retail banking giant worth £30bn.

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The government has also said it will overrule any concerns that competition authorities may raise, BBC Business Editor Robert Peston said. The deal is set to value HBOS at about £15bn, or 280p a share, a significant premium on its closing price of 147.1p.

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This page contains a single entry by Nishikant published on September 17, 2008 11:22 PM.

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