Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

LBT

Reply
Not applicable
Anyone have any news on this one?heard rumblings about a possible merger,but no sens.
0 Kudos
7 REPLIES 7
DCTrader
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...
0 Kudos
Not applicable
0 Kudos
Not applicable
Rumours result would be ?? on the share price?? as far as i gathered the spike was around ftse's high opening,..
0 Kudos
Not applicable
Thanks,surely if this is true there should be a sens release,or am I mistaken?
0 Kudos
barry_1
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!
0 Kudos
Not applicable
0 Kudos