Summary
A HIGH-RANKING insider at HBOS yesterday claimed that Banco Santander Central Hispano is attempting to pull the wool over the eyes of UK shareholders in its agreed (pounds) 8.15bn, all-share bid for Abbey National.
In the latest salvo of an increasingly bitter tit-for-tat war of words between HBOS and the Spanish bank, the insider said: "Buried deep on page 20 of their documentation, somewhere in section 16, it talks of a withholding tax for shareholders not resident in Spain.See the full content of this document
Extract
Insider at Hbos Turns Up Heat On Rival Abbey Suitor
"I don't recall any of this being discussed or explained to shareholders when Santander announced its bid for Abbey.
"There are a lot of small shareholders in Abbey, s...See the full content of this document
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