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date: Sun, 12 Oct 2008 20:16:57 GMT,
group: uk.politics.misc
back
Lloyds demands renegotiation of HBOS deal
for HBOS - it's on
http://www.iht.com/articles/reuters/2008/10/12/business/OUKBS-UK-HBOS-
LLOYDS.php
Lloyds TSB seeks new terms for HBOS deal
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3162160/Llo
yds-TSB-seeks-new-terms-for-HBOS-deal.html
Lloyds TSB is renegotiating the terms of its planned takeover of mortgage
lender HBOS, The Daily Telegraph has learned.
By Amy Wilson
Last Updated: 1:27AM BST 09 Oct 2008
The bank is confident the deal will still go ahead, sources said. However,
the same sources said it was now inconceivable that the terms of the deal
could stay as they are.
date: Sun, 12 Oct 2008 20:16:57 GMT
author: basho007
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Re: Lloyds demands renegotiation of HBOS deal
basho007 wrote:
> for HBOS - it's on
>
> http://www.iht.com/articles/reuters/2008/10/12/business/OUKBS-UK-HBOS-
> LLOYDS.php
>
>
>
>
>
> Lloyds TSB seeks new terms for HBOS deal
>
> http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3162160/Llo
> yds-TSB-seeks-new-terms-for-HBOS-deal.html
>
> Lloyds TSB is renegotiating the terms of its planned takeover of
> mortgage lender HBOS, The Daily Telegraph has learned.
>
>
> By Amy Wilson
> Last Updated: 1:27AM BST 09 Oct 2008
>
> The bank is confident the deal will still go ahead, sources said.
> However, the same sources said it was now inconceivable that the
> terms of the deal could stay as they are.
Well wouldn't you? Now that there share price has plummeted, so their
'value' why should someone make an offer well over what they are
'worth'?
date: Sun, 12 Oct 2008 22:42:48 +0200
author: Lou Ravi
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Re: Lloyds demands renegotiation of HBOS deal
"Lou Ravi" wrote in
news:48f26135$0$870$ba4acef3@news.orange.fr:
> basho007 wrote:
>> for HBOS - it's on
>>
>> http://www.iht.com/articles/reuters/2008/10/12/business/OUKBS-UK-HBOS-
>> LLOYDS.php
>>
>>
>>
>>
>>
>> Lloyds TSB seeks new terms for HBOS deal
>>
>> http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/316216
>> 0/Llo yds-TSB-seeks-new-terms-for-HBOS-deal.html
>>
>> Lloyds TSB is renegotiating the terms of its planned takeover of
>> mortgage lender HBOS, The Daily Telegraph has learned.
>>
>>
>> By Amy Wilson
>> Last Updated: 1:27AM BST 09 Oct 2008
>>
>> The bank is confident the deal will still go ahead, sources said.
>> However, the same sources said it was now inconceivable that the
>> terms of the deal could stay as they are.
>
> Well wouldn't you? Now that there share price has plummeted, so their
> 'value' why should someone make an offer well over what they are
> 'worth'?
>
>
>
no problem with this - it has been anticipated for a few weeks.
still, there are conflicting stories about the deal being on or off.
Considering LLoyds price as I write is 150p - a leading loser today,
(next to HBOS) it is a bit difficult to understand what is causing this.
One reason is that Lloyds can no longer issue cash dividends - at least
until the government's preferred shares are paid off.
How this factor interacts (if it does) with HBOS is a mystery for me.
people may be waiting until 21 Oct Lehman settlement payout, perhaps, to
see how much each is on the hook?
date: Mon, 13 Oct 2008 15:11:00 GMT
author: basho007
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