FROM OTHER NEWS SITES
DAILY TELEGRAPH University maths 'too difficult' for British students - Thu, 09 Feb 2012 23:52:30 GMT
University maths 'too difficult' for British students - Fri, 10 Feb 2012 00:01:11 GMT
FINANCIAL TIMES Eurozone dismisses Greek budget deal - Thu, 09 Feb 2012 18:58:47 GMT
Eurozone dismisses Greek budget deal - Fri, 10 Feb 2012 00:07:16 GMT
BBC NEWS BBC News - Business - Fri, 10 Feb 2012 03:42:56 GMT
BBC News - Business - Fri, 10 Feb 2012 01:09:35 GMT
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NACFB: Maximise Your Membership Roadshow, Bristol
LLoyds TSB and HBOS deal renegotiated
At the same time as negotiating with the goverment about capital injections Lloyds TSB and HBOS have renegotiated the price at which LLoyds TSB will acquire HBOS.
Under the previous agreement HBOS shareholders were to receive 0.833 Lloyds TSB shares for each HBOS share that they owned. This has now been revised downwards and HBOS shareholders will now only receive 0.605 Lloyds TSB shares for each HBOS share that they own.
Should the governemnt end up having to put the full £17 bn of capital that is to be injected into the two banks it will end up with more than 43% of the combined business.
Lloyds TSB shares are currently up 19p at 209p whilst HBOS shares have fallen 23p to 101p following this morning's announcements.
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