Abbey Nat. Share Discussion Threads

[timc] 23/7/2004 15:28

Likewise.All bets on Sunday-this will be all over papers.If offer made, the shares go north.If not, then its bye bye 6.00 yet again

[mclellan] 23/7/2004 15:28

feelinlucky- you'd hardly think they would make an announcement and then retrench

[feelinlucky] 23/7/2004 15:24

Im takin the punt on holdin over the weekend.

£7 is my prediction.

Looks quite serious...in my humble opinion.

[mclellan] 23/7/2004 15:23

TimC- quite exciting-I only noticed it after the main rise so am hardly in profit but will hope for some news today about price.

[timc] 23/7/2004 15:20

Think we get an announcement at the close around the 6.30 level.Santander will then wait to see if anyone else is shows their hand.Could easily be taken out at 7.50 plus- this is the last sizeable player with a substantial retail business left.

[unknown trader] 23/7/2004 15:20

MADRID (AFX) - Banco Santander Central Hispano SA said it plans to hold an
EGM on July 25 to make a decision on any takeover moves for Abbey National PLC.
In a statement, SCH said Sunday's EGM is aimed at "evaluating opportunities
related to Abbey National."
Trading in the shares of SCH was suspended ahead of the announcement, which
follows confirmation by SCH that it is in talks with the UK bank.
Earlier, Abbey said it has received an approach from an unnamed suitor
"which may or may not lead to an offer being made for the company."
SCH last changed hands down 0.34 eur or 4.08 pct at 8.0.
[e-mail]

[broadwood] 23/7/2004 15:20

Lloyds price falling back - on fears it might get involved

[lamborghini_2] 23/7/2004 15:18

7buttery - 23 Jul'04 - 14:51 - 151 of 170
i would think 650p-700p, the management most probably leaked it to their brokers.

I am highly geared on this. 210K cfds, got in @ 545p, jsut after the announcement.

Thanks sky NEWS!!!!!!!!!!!!!!!!! they were faster than bloomberg!!!!!!!!!!!!!

[feelinlucky] 23/7/2004 15:15

The most exciting thing will be watching the auction close.

Nothing will distract me from that...lol

not too often we get such excitment.

[feelinlucky] 23/7/2004 15:13

Seems to me that the suspension reflects in far talks.

Otherwise shares would be suspended for days/weeks...no
one would particularly like that.

[mclellan] 23/7/2004 15:13

TimC - shortly meaning today?

[feelinlucky] 23/7/2004 15:12

Could humbly put a figure of 7 squid.

I stick to my guns...

they need to place a figure that will shy others away.

a kinda knockout bid.

[timc] 23/7/2004 15:11

Santander to make second announcement shortly-The offer perhaps?, or do they walk away again-Doubt it, all this would look foolish.

[eithin] 23/7/2004 15:10

Bank of Santander suspended. They have meeting on Sunday re- situation.

[broadwood] 23/7/2004 15:06

I'm not at all sure that Santander would be given a clear run at this.

I'd be willing to bet that right now the Boardrooms of some UK clearers would be urgently looking at the situation - contemplating their next moves.

Don't think about going on holiday tonight C.E's

[maplinrover] 23/7/2004 15:01

whipround
Do you mean a director told you there would a 75p premium. It seems most unlikely he'd be spreading that news about.
The immediate interest lies in whether there will be any profit taking towards the close. Any guesses from anyone?

[mclellan] 23/7/2004 15:00

I see that the shares of the Santander Bank have been suspended pending a further announcement

[mclellan] 23/7/2004 14:49

wtacraig3 and Whipround- thank you for the information

[broadwood] 23/7/2004 14:47

Price at the moment has to reflect both scenarios - ie an agreed bid, a hostile bid or even a contested bid versus the possibility that the approach will lead to nothing and Santander will walk away.

So it probably is reflecting some hope value aswell - if the bid actally comes it could be expected to be higher than this and in those circumstances one would expect it to be recommended by the Board.

I don't think the C.E is much bothered about selling out - unlike his predecessor, he holds a goodly number of shares so he will win.
If nervous, sell half and keep the balance for the ride.I shall hold mine - in view of the further approach,I can't now see them dropping to former levels.

[a77] 23/7/2004 14:46

Santander in Takeover Talks With the U.K.'s Abbey (Update2)

[whipround] 23/7/2004 14:44

The £6.25 previously mentioned would seem entirely reasonable as an agreed price, however I can't imagine that Lloyds would not submit a higher rate if this is agreed.

[wtacraig3] 23/7/2004 14:43

CH4 Teletext article says analysts suggests an offer of £10bn equivalent to £6.50 per share.

[mclellan] 23/7/2004 14:05

Whipround- what would be the price bid, do you think?

[a77] 23/7/2004 14:04

ok , so the 75p premium already built into the price, but how much further will Satander go - they have come back again, despite denying any interest only 2 days ago - so is this going to be another mickey mouse offer? I certainly hope not, as I'm sure there is a general feeling of once bitten twice shy!

[shumba] 23/7/2004 14:03

don't think it will get rejected so quick over the weekend but you never know.My guess is weekend press with mark up to £6.00-£6.15 on Monday