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Online Share Trading

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LBT

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Anyone have any news on this one?heard rumblings about a possible merger,but no sens.
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Super Contributor
You mean LBT or LGL (Liberty Group)? Maybe the China boys looking to snap up the rest of the SBK group now that the 1st deal was approved...
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Rumours result would be ?? on the share price?? as far as i gathered the spike was around ftse's high opening,..
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Super Contributor
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Thanks,surely if this is true there should be a sens release,or am I mistaken?
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Super Contributor
There is a report on the home web page by Reuters,have a look at it.A statement for SENS has only to be made if a due diligence is to be carried out in line with a serious offer.At the moment the parties are probably not sure what line they are going to follow.They seem to be thinking of merging the two largest prop groups,with a large Singapore group also having part of the conglomerate.Perhaps it wont be allowed by the competition tribunal in the UK.Early days ,in the negotiations,indeed!
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