More than 15% of shareholders in Alliance & Leicester (A&L), almost 18,000 voters, motioned against its £1.3bn acquisition by Spanish bank Banco Santander, the firm reveals today.
Shareholders in Alliance & Leicester (A&L) are preparing to vote on the firm's proposed £1.3bn acquisition by Banco Santander.
BANCO SANTANDER is thought to digging deeper into its pockets in a bid to head off a damaging bidding war for Abbey National, says this morning's Daily Telegraph.
Banco Santander has this morning confirmed a takeover to buy Abbey and its associated companies in a deal valuing Abbey at £8.5bn.
Abbey shares have soared this afternoon after the UK bank admitted it was in takeover talks and Spain's biggest bank Banco Santander Central Hispano subsequently confirmed it is the other party.