Lloyds TSB approves HBOS takeover

gozomark

opinions4u wrote: »

They will probably lose what little value is left in their shareholdings as the government would be forced to nationalise the business.

EU rules would then require a wind down in lending activity (and other acquisition of customers) which would effectively mean less competition anyway.

Customers would be priced out to other providers.

More jobs would end up being lost than the merger with Lloyds would lead to.

agree - also, given the ownership of HBOS is fairly similar to Lloyds TSB, and so many voted in favour, it would be a major shock if HBOS sareholders voted no

rash.m2k

Why on earth did hbos shares go down today then?

Surely seeing that they will merge with lloyds means it won't be nationalised (assuming hbos votes yes aswell in december), then Hbos shares should go up as people know the share prices will go up once they merge.

gozomark

Why on earth did hbos shares go down today then? - they closed up 2%, not bad with the FTSE down 5% and Lloyds down 10% - they are trading about 10% below the merger ratio

Thomas_Crown

gozomark wrote: »

.........Other than that, you are buying LloydsTSBHBOS (or whatever it will be called)..........

Following the takeover of HBOS by Lloyds TSB the new name is to be Lloyds Banking Group.

ad44downey

alchemistkevin wrote: »

The result is very surprising, a lot of ppl and the press were saying it's not a favourable deal for Lloyds, guess the majority of the shareholders think otherwise.

Most small shareholders hold their shares in a nominee accounts and so don't get a vote. So this 'vote' was a stitch-up, the sort of thing you used to get in the Soviet Union

opinions4u

ad44downey wrote: »

Most small shareholders hold their shares in a nominee accounts and so don't get a vote. So this 'vote' was a stitch-up, the sort of thing you used to get in the Soviet Union

Most small shareholders are precisely that - small.

Even if every single one of them had voted against, the deal would still have passed.

I got a vote via my nominee account.

cbobting

ad44downey wrote: »

Most small shareholders hold their shares in a nominee accounts and so don't get a vote. So this 'vote' was a stitch-up, the sort of thing you used to get in the Soviet Union

lol.


downey by name, downey by...

Andrew64

The institutional shareholders voted as a block, leaving the small shareholders like me out in the cold! I'm just going to hang on until the HBOS shareholders have their vote. There's an outside chance they might vote against it!!!

Fella

Andrew64 wrote: »

The institutional shareholders voted as a block, leaving the small shareholders like me out in the cold! I'm just going to hang on until the HBOS shareholders have their vote. There's an outside chance they might vote against it!!!

Absolutely. It's a shocking deal for Lloy shareholders. It's laughable that the chancellor is openly saying to Hbos shareholders that if they don't approve the deal they'll probably get much less for their shares. In other words, Lloyds are paying way over the odds.