Abbey homes in on N and P
Article Abstract:
Abbey National is seeking to acquire National and Provincial (N and P) which ranks ninth among UK building societies. The bid has been made to N and P's members, rather than the board, so is seen as a hostile bid. Abbey has strengths in southern England, and N and P is stronger in northern England, so the two companies complement each other. The price will depende on the quality of N and P's loans. N and P has 1.7 million members who could receive an average of 650 pounds sterling as a result of the bid.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1995
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CSFB bounces back
Article Abstract:
Credit Suisse First Boston (CSFB) has acted on 13 cross-border transactions worth 4.92 billion pounds sterling and currently leads the 1995 European cross-border league. Transactions include advising Svenska Cellulosa on its acquisiton of part of Papierwerke Waldhof-Aschaffenburg, and Boots' sale of its prescription pharmaceuticals operations to BASF.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1995
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