ATTN JOLLY re: hostile takeover: time to short How do you explain this Jolly. This from the AGE. Please explain your post.
British bank, Abbey National, announced a deal with life insurance group, Prudential, on 10 October 2002. The agreement effectively sinks National Australia Bank's (NAB's) takeover plans for Abbey. Australia's largest back confirmed earlier in the week that it had made an offer for Abbey, but said discussions had been terminated. The agreement between Abbey and Prudential comes ahead of changes to regulations in the UK. Under the new regime, brokers from banks and insurers will be allowed to sell each other's products. NAB's shares closed $A0.95 lower at $A31.40 on 10 October in Australia.
hostile takeover: time to short, page-3
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Last
$36.23 |
Change
0.200(0.56%) |
Mkt cap ! $112.2B | |||
| Open | High | Low | Value | Volume |
| $36.26 | $36.44 | $36.07 | $152.6M | 4.216M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3369 | $36.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.23 | 9815 | 2 |
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| NAB (ASX) Chart |