Lloyds Bank Said to Raise Minimum Price for TSB Listing-Reuters
June 17 2014 - 9:39AM
Dow Jones News
New British bank TSB will be valued at 1.3 billion pounds or
more later this week when it lists on the stock exchange after
parent Lloyds Banking Group (LLOY.LN) lifted the minimum share
price it will sell shares at to between 250 pence and 270 pence,
Reuters reported Tuesday, citing people familiar with the
matter.
The business was originally priced at between 220 pence and 290
pence per share, or between 0.7 and 0.9 times its book value, the
report said.
Full story at
http://www.nytimes.com/reuters/2014/06/17/business/17reuters-lloyds-banking-tsb-banking-grp.html?src=busln&_r=0
Write to nymonitoring@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Lloyds Banking (NYSE:LYG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Lloyds Banking (NYSE:LYG)
Historical Stock Chart
From Apr 2023 to Apr 2024