lloyds banking group

[sandmaster]

Why on earth is Lloyds still considering the merger with HBOS? The latter has warned of further tremendous write offs and it's dragging LloydsTsb to the status of junk.

[dzug]

They are not still considering it - it's a done deal.

They were manoeuvered into it by the government - maybe willingly

[factor-fiction]

And to quote BBC news website:

Shareholders at Halifax Bank of Scotland (HBOS) have overwhelmingly agreed a takeover deal with Lloyds TSB.

Lloyds shareholders had backed the deal in November

So the shareholders have endorsed the merger hence the reason LloydsTSB and HBOS are pressing ahead

[sandmaster]

Unless final agreements have been signed it is not a done deal. The sanction by the shareholders does not commit the directors. With the share price of Lloyds way below the new offer price only an idiot would take it up - it should be abandoned. What other bad debts have Lloyds or HBOS got lurking? Lloyds should cut and run.