HBOS 'may trump Abbey buyout bid'
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HBOS is considering whether to trump Spanish bank Santander's bid for Abbey, according to newspaper reports.
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HBOS, THE Halifax and Bank of Scotland group that is considering whether to make a bid for Abbey National, yesterday reacted furiously to a statement from Mario Monti
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Halifax-to-Bank of Scotland group HBOS today said it had pulled out of a potential takeover battle for Abbey National. The announcement that it will not be bidding clears
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A Spanish bank seeking to buy Britain&#39;s Abbey National says it will dismiss about 3,000 workers to achieve costs savings, if the buyout is approved.
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European shares traded sideways on Wednesday but banks were a bright spot as Britain's HBOS rallied on relief it would not be wading into a bidding war for domestic peer Abbey.
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European shares traded sideways on  Wednesday but banks were a bright spot as Britain's HBOS  rallied on relief it would not be wading into a bidding war for  domestic peer Abbey.
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UK shares including HBOS Plc advanced after the country&#39;s fourth-biggest bank dropped out of the running for Abbey National Plc.
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UK bank HBOS says it will not proceed with an offer for Abbey.
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Spain&#39;s Santander Central Hispano has claimed victory with its bid for Abbey National after HBOS, seen as the most likely rival suitor, backed out of the race.
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UK bank HBOS has decided not to make a bid for Abbey, the bank has said. Many observers had expected HBOS to make a play for Abbey, which had agreed to a Â£8.
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If James Crosby, chief executive of HBOS, has any lingering doubts about the decision to drop plans to bid for Abbey National and instead go for organic growth, then he should take heart from the following story.
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HBOS has yet to enter the bidding for Abbey National, yet it is already fighting its corner as if in the full intensity of battle.
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LONDON/MADRID  - Spanish bank Santander claimed  victory for its 8.7 billion pound ($15.6 billion) agreed  takeover of Britain's Abbey National after its most likely  rival, UK bank HBOS, pulled out of the race.
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LONDON HBOS said on Wednesday that it would not bid for Abbey National, clearing the way for Santander Central Hispano&#39;s Â£8.7 billion takeover of the No.
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Spanish bank Santander SAN.MC would not necessarily drop its 8 billion pound plus bid for Abbey National if another bank entered the fray and sparked a competition probe, it says.
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Banking group HBoS has been given access to Abbey National&#39;s books it emerged yesterday as the owner of the Halifax said it would complain to the European Commission about Banco Santander&#39;s bid for Abbey.
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Spanish bank Santander claimed victory for its 8.7 billion pound (&#36;15.6 billion) agreed takeover of Britain's Abbey National after its most likely rival, UK bank HBOS, pulled out of the race.