Abbey shareholders voted to approve Banco Santander's acquisition of the company at an EGM held last...
Abbey shareholders voted to approve Banco Santander's acquisition of the company at an EGM held last Thursday. The approval, by 94.4% of the Abbey shareholders who voted, means they will receive one new Banco Santander share plus 31p for each Abbey share. Abbey chairman Lord Burns said completion of the transaction is expected to take place on 12 November 2004. The FSA has said it sees no reason to block the deal.
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