Friday, Aug 15, 2008
expect lines of people cashing out of B&B soon...lol
Yahoo: Nervous wait for B&B underwriters
All could be left with millions of unwanted shares in a possible re-run of the £4bn right issue launched by HBOS a few months ago. Just 8.3% of shareholders backed that deal, leaving Morgan Stanley (SPU - news) and Dresdner Kleinwort with a massive 1.4bn share to sell.
Posted by mark @ 03:10 PM (398 views) Add Comment
2 Comments
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1. paul said...
2006:
http://www.forbes.com/markets/feeds/afx/2006/07/27/afx2907874.html
July 2008:
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/24/cnbrad124.xml
Bradford & Bingley have of course, been revceiving "secret" funding from the Bank of England, at atxpayers expense for some time now.
Will we get that money back?
2. plato said...
Shareholders are not falling for this 'old trick'. They know they will be bailed out Ad infinitum............. Another great government plan.