Trio set to make offers for Northern Rock
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Billionaire Richard Branson, banker Luqman Arnold and an in-house management team are set to pitch formal offers for Britain's Northern Rock Plc  on Monday, the government's deadline for bids.
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A preferred buyer for the National Irish and Northern banks is expected to be announced by their parent this morning. National Australia Bank is due to make an announcement to the stock exchanges in Melbourne and London.
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The government is to offer more financial support to potential private sector buyers of Northern Rock.
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A European banking consortium led by Royal Bank of Scotland will present a formal takeover offer for Dutch bank ABN Amro on Monday, the chairman of ABN said on Friday.
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Discussions are taking place to secure a private sale of Northern Rock, the prime minister confirms.
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Virgin may sweeten its offer for Northern Rock as the government is set to unveil a plan to secure a private sale.
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Northern Rock says it is in talks about 'a variety of potential transactions' but has cancelled its dividend.
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U.S. private equity firm J.C. Flowers & Co. said Friday that it is in talks with Northern Rock PLC about a possible takeover bid and named a proposed management team for the troubled British mortgage lender.
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Business & money: Table-topping interest rate latest in series of offers from new entrants attempting to topple 'big four' banks.
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A deadline on private bids for Northern Rock, the bank almost ruined by the squeeze on global credit, was to expire on Monday amid speculation that three proposals will be made to the board.
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The Government is to announce its decision on the future of beleaguered bank Northern Rock today
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Northern Rock shareholders are set to grill bosses over its sale process, as ministers consider nationalisation.
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Business & money: Sir Richard Branson has promised to submit a bid for Northern Rock by Monday's government deadline
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Embattled British bank Northern Rock  is preparing for a sell-off that could see its 100 billion pound ($200.6 billion) mortgage portfolio divided between the country's other major banks, the Sunday Telegraph said.
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Entrepreneur Richard Branson's Virgin Group, private equity firm Olivant and an in-house team are all expected to lodge rescue bids for stricken mortgage lender Northern Rock PLC on Monday.
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Britain has received a report from  U.S. investment bank Goldman Sachs on options for the troubled  Northern Rock bank and is talking to potential buyers about  them, Prime Minister Gordon Brown said on Saturday.
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Banknorth Group Inc. solicited bids from several other large banks before deciding that a Canadian bank could acquire a majority stake in the company, chief executive William J. Ryan told analysts yesterday.