Alliance & Leicester: what the analysts say

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Alliance & Leicester: what the analysts say

14th July 2008, 11:20:AM

Robert Law at Lehman Brothers said: "Any buyer is likely to be unopposed in our view, given the nature of capital markets. The terms indicate the current distressed position of banks in M&A situations in our view, representing no premium over written down book value. The price is 74% down on the all-time high for the shares."

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Tags: alliance, business, capital, guardian, law, money, opposed, shares

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Alliance & Leicester: what the analysts say

Alliance & Leicester: what the analysts say

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