Lloyds HBOS takeover: 0.6 instead of 0.83?

sabretoothtigger

Trading is best at the moment, holding is much more risky as the shares could still halve

Nick_C

I would be surprised if the deal goes through at 0.83::1

Its subject to agreement by Lloyds shareholders, and if they think they can get HBOS for 0.6::1 then I am sure they will hold out for that. HBOS shareholders are in no position to argue, if they reject the Lloyds offer, whatever it turns out to be, their shares will go back into freefall.

Think the deal will go ahead, and that buying HBOS should be a safe way of buying Lloyds, with a possible discount. Think HMG will ensure a deal is done, they can't afford to nationalise HBOS, and no one else wants them

Fella

Fella wrote: »

The original deal was for HBOS shareholders to receive 0.83 of a Lloy share per HBOS share.

Today's closing price was Lloy 2.50 & HBOS 1.48

The City is pricing the shares at a deal price of 0.60 of a Lloy share per HBOS share.

I reckon we'll hear an announcement soon that this deal has been renegotiated....

It appears the deal has just been renegotiated to 0.605 of a Lloyds share.

triplea35

Fella wrote: »

It appears the deal has just been renegotiated to 0.605 of a Lloyds share.

Well impressed Fella! You predicted this on the 1/10/08 and turn out to be spot on. Think I'll keep an eye on your posts, nice to know someone knows what they are talking about. Cheers.

amistupid

It may end up as a case of "Closing the stable door after the black horse has bolted"

emkay_2

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

joebob

Got £1000 to buy some shares with, just opened account with td waterhouse but cannot get through to customer services to find out if i can buy and sell on same day. thinking of buying lloyds TSB as they are up and down like a yoyo.first timer in share market but ftse must be about to go up. so must be worth a punt. any tips....advice....comments....anyone thinking same....

sabretoothtigger

Why must it go up, it could easily go down for months to come till positive results actually appear not just announcements which isnt the same thing.
As nothing has never happened quite like this before, the plan could still fail badly & if america dives it probably will

cbobting

when is the merger going to happen? ive not seen any tyoe of time frame being given in the press.

sabretoothtigger

Disclosure of Short Position relating to UK Financial Sector Company

1. Full name of person(s) holding the disclosable short position :


Paulson & Co. Inc.
2: Name of the issuer of the relevant securities


LLOYDS TSB GROUP PLC
3: Disclosable short position


1.67%
4. Date that disclosable short position was held


13 October 2008