Abbey National Agrees Takeover Terms
Abbey National agrees terms with BSCH, shareholders to vote
26th July 2004
Banking group Abbey National have agreed takeover terms with their Spanish suitor Banco Santander Central Hispano (BSCH), in a merger that would create one of top ten biggest banks in the world.
If shareholders approve the deal, they will receive a one-for-one share offer in BSCH, plus 31p per share held.
This works out at a value of 559p per Abbey share, 13% higher than the current market value.
Read More: BBC Your Money
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