Tuesday, Aug 19, 2008
A&L warns its future may be in doubt if the takeover is not supported
BBC: Warning from Alliance & Leicester
The Alliance & Leicester (A&L) bank has warned of "significant external risks" to itself if Banco Santander's planned takeover is rejected by shareholders. More than 560,000 A&L shareholders are being urged in a letter to support the £1.3bn takeover, announced in July. Roy Brown, the bank's acting chairman, said if the deal did not go through then the bank would be exposed to the worsening economic slowdown.
Posted by jack c @ 02:12 PM (405 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. wiltshire said...
What the hell is wrong with people in this country? If this was France there would be heads on stakes by now.
Personally, I think protest is a barometer of a healthy democracy. In which case, the UK is a corpse.
2. Tom101 said...
Completely agree wilts. But this country's ball's dropped off a while ago. Everyone is still too comfortable and many are still in denial.
3. Peeps said...
£3.17 a share sounds pretty good to me for what is basically an insolvent bank. If A&L's shareholders are so thick as to turn it down, I hope the share price bloody crashes.