Saturday, October 28, 2006
Lloyds TSB sees talk of 780p-per-share cash offer from petrodollar source – market report
Lloyds TSB sees talk of 780p-per-share cash offer from petrodollar source – market report
Story Lloyds TSB, the UK-listed banking group, is rumoured to be set to receive a cash takeover offer worth 780p per share, the Daily Express reported. The market report cited trader chatter which suggested a source using petrodollars could accumulate a holding in the bank prior to launching a full bid.
Lloyds TSB stock currently trades at 561p; the group’s market capitalisation stands at GBP 31.453bn (EUR 46.884bn).
Source Daily Express
Story Lloyds TSB, the UK-listed banking group, is rumoured to be set to receive a cash takeover offer worth 780p per share, the Daily Express reported. The market report cited trader chatter which suggested a source using petrodollars could accumulate a holding in the bank prior to launching a full bid.
Lloyds TSB stock currently trades at 561p; the group’s market capitalisation stands at GBP 31.453bn (EUR 46.884bn).
Source Daily Express
