Lloyds HBOS takeover: 0.6 instead of 0.83?

emkay wrote: »

I've got a small holding of Lloyds TSB shares, when do shareholders get a chance to vote on the deal ?

The news today suggest it is all a done deal and the goverment will own 41%.

I'd like to think investors would get a say on what is best for the company rather than Gordon doing anything to get himself re-elected.

Obviously I'd like to vote no...:p

Hi,

I hope LLoyds TSB shareholders vote ' No'

Particularly the Institutions. If they have any sense. After all the dividend on ordinar shares is being stopped.

And the government are getting 12 % Dividend on Preference Shares. Complete rip-off.


JM2

Institutions have already confirmed they will vote yes, I havent heard different. Have you not considered that lloyds will be actually be continuing their solid strategy with this acquisition, makes alot more sense then RBS buying last year at the top of the market

Cant say I understand how this toxic debt is weighted into the figures exactly because barclays is one of the worst apparently, with their american operations that seems likely.
But the cost savings are simple enough to understand and lloyds would gain massively from that eventually. hbos also has mid shire, ulster bank and some australian division. Selling 1 aussie bank reduced their liability I read


^^This chart is old but I presume they havent been able to sell them on

Analysts said Lloyds was best placed to push for changes because suspending its dividend -- one of the most generous in the FTSE 100 -- could erode its shareholders' support for a government-engineered takeover of rival HBOS .

http://uk.biz.yahoo.com/15102008/325/banks-ask-government-lift-dividend-ban.html

I was just posting the opposite because the dividends are only suspended for a year according to Peston which means alot to lloyds investors with their tradational yummy dividend

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