Summary
The Spanish bank bidding for Abbey National rejected suggestions yesterday that it will back away from its agreed pounds 8 billion offer for the mortgage bank if a rival British bank enters the fray and and triggers a long-running competition inquiry.
Reports yesterday that Abbey has allowed representatives of HBOS - the merged Halifax and Bank of Scotland - to examine commercially sensitive papers as a prelude to a possible counter-bid led to suggestions that Banco Santander Centro Hispano would drop its offer if a rival bid unleashed a competition investigation.See the full content of this document
Extract
We Won't Walk Away From Abbey, Says Spanish Bank
The Spanish bank, it was said, feared that uncertainty lasting perhaps six months would damage Abbey's business.
But yesterday Ba...See the full content of this document
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