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Old 11-20-2008, 06:56 AM
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Post Lloyds TSB shareholders vote in favour of HBOS takeover

Lloyds TSB shareholders voted today on the proposed takeover of Halifax Bank of Scotland (HBOS) with 95.98% voting in favour of the deal. Shareholders also approved proposals to raise £5.5 billion by issuing new shares and special preference shares. The takeover will create a new banking giant called Lloyds Banking Group, which will comprise almost [...]

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