Lloyds HBOS merger gets go-ahead

Story link: Lloyds HBOS merger gets go-ahead

This could be good news for the share price in the long run, although the take up by current shareholders of the shares offered was really low, this could signal instability within the share price for the coming weeks.

Lloyds HBOS merger gets go-ahead

The merger of banks Lloyds TSB and HBOS has been granted the final legal approval by a court in Edinburgh.
Following the decision by the Court of Session, the new Lloyds Banking Group is due to start trading from next week.