Lloyds steps up pressure on Abbey to accept offer

Article Abstract:

Lloyds TSB PLC is increasing its pressure on Abbey National PLC to accept its bid of merger talks. Hopeful about gaining support from Abbey's shareholders, Lloyds described the details of its GBP18.6 billion (Euro30.61 billion) bid to purchase the rival bank.

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As Abbey National nears deal, it faces possible bid by Lloyds

Article Abstract:

Lloyds TSB Group PLC could make a hostile takeover offer for Abbey National PLC just as the latter is close to merging with Bank of Scotland PLC. Abbey National has a market capitalization of 15.8 billion pounds (25.87 billion euros).

Bank of Scotland

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Lloyds to submit Abbey bid for U.K. antitrust clearance

Article Abstract:

Lloyds TSB PLC is expected to file its proposed acquisition bid for Abbey National PLC with the Office of Fair Trading for approval. Abbey National has complained that competition officials in Great Britain could block the planned bid.

Laws, regulations and rules, United Kingdom. Office of Fair Trading

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