A&L shareholders set to vote on £1.3bn Santander deal

A total of 560,000 individuals have been sent voting packs along with full details of Santander’s bid, including what they will receive should the deal be given the green light. The Board of A&L says it is “unanimously recommending” shareholders approve the proposal arguing it will provide “greater stability and greater certainty” for them and the company. The deadline for voting is 16 September and for postal votes the 14th. Roy Brown, acting chairman of the British mortgage lender, says: “We strongly encourage all Alliance & Leicester shareholders to exercise their voting rights. “It i...