Burt Admits Defeat in Scrap Over Hbos-Lloyds ; Banking
Evening Standard - London › November 19, 2008
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Summary
SIR PETER Burt's attempt to bust up the takeover of HBOS by Lloyds TSB has been abandoned, it seemed clear today.
The former Bank of Scotland chief executive wanted shareholders to vote against the deal, kick out management and install him and his erstwhile rival banker, Sir George Mathewson, at the helm. But moves by the Treasury to derail the proposal yesterday seem to have worked.See the full content of this document
Extract
Burt Admits Defeat in Scrap Over Hbos-Lloyds ; Banking
In an interview today with The Scotsman, Burt concedes his plan is now "effectively improbable".
...See the full content of this document
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