Northern Rock

[johnny37]

Before this all became public knowledge LloydsTSB were negotiating to take them over. Would the LloydsTSB bid have been disasterous for them or did they know about the precarious state of the company and take this into account in their proposed bid? Why are LloydsTSB not bidding now, bearing in mind that the shareprice is a fraction of what it was previously?

[Oneeyedvic]

They knew that Northern Rock was in a precarious position as they were interested in taking it over if the Bank of England would give them �30 Billion over two years. BOE said no.

As the BOE made clear that they wouldn't entertain funding the take over bid, Lloyds have no interest anymore.