Monday May 25, 2020

Anglo takeover would rule out windfall for building society shareholders

Irish Nationwide Building Society (INBS) members will not receive a cash payment if Anglo Irish Bank completes a takeover of the society, dashing previous hopes that they would collect lumps ums of up to €15,000 each.

20th September, 2008

Irish Nationwide Building Society (INBS) members will not receive a cash payment if Anglo Irish Bank completes a takeover of the society, dashing previous hopes that they would collect lumps ums of up to €15,000 each.

The proposals currently under discussion between the bank, the Financial Regulator and the Department of Finance would see Anglo take over the society in an all-share deal, similar to the Lloyds TSB acquisition of British mortgage giant HBOS which...

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