HBOS opts not to bid for Abbey National
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LONDON Santander Central Hispano of Spain looked certain to clinch its bid for the British mortgage lender Abbey National, after HBOS, Britain&#39;s biggest home-loan company, said Wednesday it would not counterbid, and after the European Commission cleared
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HBOS has been granted access to sensitive financial information about Abbey National, indicating the seriousness of the UK bank&#39;s intentions towards its rival.
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Britain-based HBOS says it will file a complaint to the European Commission against Spanish bank Santander Central Hispano (SCH) in connection with SCH&#39;s bid to acquire British bank Abbey National
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The London Stock Exchange today rejected a Â£1.35bn takeover approach from German rival Deutsche BÃ¶rse, but held open the prospect of further talks.
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SPANISH bank Santander has offered to cut back its ties with Royal Bank of Scotland in an attempt to avoid a competition inquiry into its bid for Abbey.
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Spanish bank Santander Central Hispano would drop an eight billion pound-plus offer for Abbey National if rival bids result in a drawn-out competition investigation, the Sunday Telegraph reports.
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English Premiership club Newcastle have reportedly rejected a takeover bid from the Belgravia Group.
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Banking group HBoS yesterday dropped out of contention to buy its historic rival Abbey National, leaving the way clear for the Â£8.
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The Spanish bank bidding to buy Abbey National insisted today that a rival offer from UK group HBOS would not necessarily derail its interest.
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Banco Santander would walk away from its Â£8.2bn offer for Abbey National, the mortgage bank, if a rival bid from one or more UK banks led to a lengthy investigation by the competition authorities.
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The British government has rejected a  400 million pound ($749.5 million) bid for British Nuclear  Group Ltd. (BNG) from U.S. engineering and construction firm  Fluor Corp. , the Independent on Sunday said.
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HBOS has dropped plans to bid for Abbey National, dampening hopes of a challenge to Spanish bank Santander&#39;s agreed 8.8 billion pound takeover of Abbey.
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Halifax-to-Bank of Scotland group HBOS has said it has pulled out of a potential takeover battle for Abbey National. The announcement that it will not be bidding clears the way for Spain&#39;s Santander Central
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&quot;These things tend to be decided by egos as much as by financial logic, but HBoS has shown its ability with a level head to walk away from a deal.
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UK bank HBOS says it will not proceed with an offer 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.
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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