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Lloyds' tie-up with HBOS could turn out to be the deal of the century

Posted by jaybol 1319 days ago (http://www.telegraph.co.uk)
Category: Economy | Tags: bailout banks uk
FTA: I think Lloyds TSB will come out of this having bought the Halifax brand and business extremely cheaply – including its 20m customers. As of last night, the Lloyds offer valued HBOS at £4.9bn compared with a conservative estimate of merger benefits of more than £1bn, so less than five times. It could go down as the deal of this still very young century.
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