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Buying HBOS shares

If you can buy HBOS shares today for 195p is that not a good deal? Have I missed something? Surely that's a 37p (18.9%) profit. Is the only downside that the Lloyds shareholders reject the bid (which I have heard is very unlikely) or that the regulator rejects the bid (even more unlikely).

Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    1 HBOS share = 0.83 x Lloyds TSB share price.

    There is a premium to be had, but the risk of the deal falling through would wipe out any value in HBOS.
  • stevetodd
    stevetodd Posts: 1,016 Forumite
    opinions4u wrote: »
    1 HBOS share = 0.83 x Lloyds TSB share price.

    There is a premium to be had, but the risk of the deal falling through would wipe out any value in HBOS.

    Too late the price just hit 207.5p significantly redcing the benefit
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