Sunday, August 28, 2005
27/08/2005 Lloyds TSB shares up on speculation that Wells Fargo has appointed advisers – market report
Story: Wells Fargo was rumoured to have hired an adviser for a potential takeover bid for Lloyds TSB, a market report in The Independent said. The unsourced report cited speculation that the US-listed financial services group had hired a leading investment bank to advise on a bid for its UK-listed counterpart, the item said. The rumours lost thier impetus by the end of trading, however, with Lloyds’ shares closing down 0.75p at 457.5p, the report said. Lloyds TSB has a market capitalization of around GBP 25.96bn (EUR 38.01bn).
Source: Independent
Value: £25,969m (Lloyds TSB market capitalisation)
