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Alliance & Leicester in takeover talks
Jul 14 2008 LDP Business
BOOTLE-BASED Alliance & Leicester said today it was in advanced talks about a possible takeover of the banking group.
Shares in Alliance & Leicester (A&L) jumped by more than 40% as it said the potential offer valued the business at 299p a share, equivalent to £1.25 billion.
A&L did not disclose the identity of the potential suitor although speculation suggests Santander are the most likely candidate.
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