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halifax shares- do i sell?

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banned8y, 2m agoPosted 8 years, 2 months ago
ive got some shares with hbos via nominee acc

do i sell them today or is it better to wait untill the merge completes?

when the merger completes what happens to the hboss shares? do they transfer into the lloydstsb share price?
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banned8y, 2m agoPosted 8 years, 2 months ago
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#1
I'm wondering the same, think I will hold onto mine and I assume they will change to LLoysHBOS shares or what ever name they call themselves when it happens.

They didn't cost so I haven't lost anything as got them when Halifax merged with RBOS
#2
Possibly keep them,

THE BBC: Under the terms of the deal, which must be agreed by investors, HBOS shareholders will receive 0.83 Lloyds shares for every HBOS share.

LLoyds TSB shares are between 2.70 - 2.30 currently

THE SUN: Black horse bank” Lloyds TSB last night agreed a price of £2.32 a share for HBOS, around a fifth of the stock’s value last summer.
#3
some chap on gmtv this said you get 0.8 of a lloyds share for 1 HBOS share said this is approx £2.35 a share.
But also said bank shares arent very good at the moment and shares are a 3-5 yr investment
#4
what will they be called?

LloydsTSBHBOS

http://i303.photobucket.com/albums/nn121/faiza333/snn1806gx1_682_587893a.jpg
#5
0.83 shares in Lloyds for each HBOS share you own. As above, bank shares aren't great at the moment but they will go up in price once all of the recession/credit crunch stuff has calmed down, and HBOS/Lloyds would be a pretty big banking group.

Who knows when that will be, though?
#6
[QUOTE=magicbeans]what will they be called?

LloydsTSBHBOS


LLoyds ?
LLoyds & Co ?
#7
suze
I'm wondering the same, think I will hold onto mine and I assume they will change to LLoysHBOS shares or what ever name they call themselves when it happens.

They didn't cost so I haven't lost anything as got them when Halifax merged with RBOS


ifyoudontask?;2996222
[QUOTE=magicbeans]what will they be called?

LloydsTSBHBOS


LLoyds ?
LLoyds & Co ?


British Banks?
#8
magicbeans;2996159
what will they be called?

LloydsTSBHBOS



Bigger rip-off merchants?
#9
Loylifax
Halifoyds

Hold your shares, they cannot get any worse as they stand.
#10
I recon keep them, theyve lost all they gonna loose, if u dont need the money straight away, they will increase in value again once all this credit crunch nonsense is over
#11
if lloytds tsb are gonna buy all hbos shares for a fixed priced, then surely your shares would be sold to lloyds tsb

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