Carrot of
Tue, 1 Dec 2009 05:13:00 GMT
DISCOUNTED: Pedestrians pass a branch of the Allied Irish Bank in Grafton Street, Dublin. Picture: BLOOMBERG LONDON — Bank of Ireland and Allied Irish Banks might receive a combined
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Hanover loan book an unknown quantity: GPG
Mon, 30 Nov 2009 16:11:00 GMT
"took a look" at Hanover Finance's loan book but saw nothing to warrant a counter offer to Allied Farmer's $400 million debt-for-equity-swap. GPG's New Zealand director, Tony Gibbs, said he was left "scratching his chin" thinking of an element of the
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Hanover directors back Allied proposal
Mon, 30 Nov 2009 06:18:00 GMT
Hanover Finance directors are recommending that investors accept the Allied Farmers proposal. In a $400 million offer, Allied Farmers is proposing a swap of its shares to buy the loan assets of Hanover and its subsidiary United Finance. Chairman David
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