Lloyds TSB Shareholders: Yes to HBOS Deal
Published / Last Updated on 18/11/2008
Lloyds TSB Shareholders: Yes to HBOS Deal
Lloyds TSB shareholders have voted overwhelmingly, a massive 96% in favour of a £5.5bn capital raising plan to take over HBOS.
Whilst the takeover will create huge operating savings in the order of £1.5bn it is still not the ultimate ‘green light’ as HBOS shareholders still need to vote on the deal next month.
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