It has been reported that Banco Santander have held talks with Alliance and Leicester regarding a possible takeover. Although no deal has come of the talks at the present time, neither bank has ruled out the possibility of returning to discussions in the future. The news confirms the past 18 months of speculation, and although no takeover is in anyway imminent, Alliance and Leicester are reported to be mulling over issuing a clarification for their shareholders .
The news is the latest boost for Alliance and Leicester and comes at the same time as news of a £4 billion loan from Credit Suisse with an impressive two year maturity period. These positives have resutled in a year high share price of 755p, adding ove £400 million to the bank’s market value which stands at around £2.7 billion.
Spanish outfit Banco Santander aren’t the only company to be linked with a takeover for the British bank, with Credit Agricole of France rumoured to be eyeing a £6.5 billion takeover of Alliance nd Leicester.
Alliance and Leicester Share Price Rises as Bank Ponders Takeover
Alliance and Leicester Share Price Rises as Bank Ponders Takeover
Mon, 07 Jan 2008
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