Holder vote at U.K. lender complicates sale efforts
Article Abstract:
Northern Rock PLC shareholders voted to restrict the board's power in negotiating a bailout of the troubled mortgage lender. The vote demonstrates shareholder opposition to a deal that would have a significantly negative impact on their holdings, which may complicate the UK government's efforts to locate a buyer for Northern Rock. The government has loaned the firm $50.9 bil so far.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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Olivant keeps door open for move on Northern Rock
Article Abstract:
UK investment company Olivant Advisers Ltd. announced it will consider a bid for troubled mortgage bank Northern Rock PLC if the government changes its strategy regarding the refinancing of Northern Rock's debt. The government plans to use three-year bonds; Olivant is looking for a longer time frame for the bonds.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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U.K. mortgages feature new twists: first-time home buyers are offered array of plans to increase size of loans
Article Abstract:
Mortgage lenders in the U.K. are offering an array of innovative products to first-time house buyers.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
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