Monday, July 14, 2008

Why A&L holders should cash in on the bid

Why A&L holders should cash in on the bid

"It never ceases to amaze me how companies end up paying the wrong price for buying up their competitors. But people piling afresh into UK mortgage debt right now must need their collective heads examining."

Posted by damien @ 05:16 PM (652 views)
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2 thoughts on “Why A&L holders should cash in on the bid

  • fahrenheit451 says:

    It will be interesting to see if existing shareholders, investors and mortgage borrowers will get a windfall share issue.
    When Abbey bought out N&P, there was a share issue for N&P mortgage customers. I’m not sure, but I think that the same happened again when Santander bought the Abbey.

    Could be a very small silver lining for existing customers, but no point rushing to catch the windfall now, the story is out and cut off dates may have been set.

    Any comments?

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  • Just Interested says:

    A&L paid out when they floated a few years ago… A&L are a PLC. Therefore no pay for borrowers of people with bank accounts.

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