Lloyds TSB to consider options

Lloyds TSB said yesterday it was considering its options after Abbey National rejected a takeover approach from Britain's third…

Lloyds TSB said yesterday it was considering its options after Abbey National rejected a takeover approach from Britain's third-largest bank. Lloyds said its board believed a combination of Lloyds and Abbey would be in the best interests of both firms, their shareholders and staff. Lloyds approached Abbey National this week on a takeover, but Abbey rejected its offer on Thursday, saying the proposals were unattractive.

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