Desperate Hunt for a Bidder As Northern Rock Shares Dive Again

Evening Standard - London › September 17, 2007

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Summary

THE FUTURE of Northern Rock hang in the balance today as the authorities looked desperately for a bank to take it over.

Northern Rock shares plunged 40%, or 17612p, to 26112p in frenzied trading. Its shares have plunged more than 60% in just two days of market activity.

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Desperate Hunt for a Bidder As Northern Rock Shares Dive Again

The former building society is now valued at just 1.1 billion. That is far below the level...

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