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Halifax Bank of Scotland to be bought by Lloyds TSB

Now i saw a report earlier this morning talking of a merger, but its looking inccreasingly like Lloyds will be buying HBOS.

I have 180 shares in HBOS, bearing in mind i used to have another 180 shares and sold them at £11 a go. What does this current chain events hold for the remaining shares i have?

Any advice? Keep them and see what i get? Or might the price go up?

Oh crap the price is 180p as opposed to the 300p it was the other day.
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Comments

  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    I think Lloyds and HBOS agreed on 232p
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Calvin wrote: »
    I think Lloyds and HBOS agreed on 232p

    I really should have sold them last week then :P
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    MrG wrote: »
    I really should have sold them last week then :P

    Look on the bright side, you could have had Northern Rock shares :D
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    I did at one point a long while back, but got a good price for them!

    I just wonder if it would be worth getting some more lloyds shares considering it would be a massive slightly more stable than others bank.
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    From the BBC -

    Under the terms of the deal, which must be agreed by investors, HBOS shareholders will receive 0.83 Lloyds shares for every HBOS share.
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Given the amount of money you would currently get for them its not really worth selling unless you need the money, I'd hold on to them for a while, its very likely that Lloyds will pick up in the medium to longer term.
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