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CYBG PLC (CYBGC.L)

CYBGC.L on London Stock Exchange

318.80GBp
11:53am EDT
Change (% chg)

-2.20 (-0.69%)
Prev Close
321.00
Open
325.00
Day's High
328.40
Day's Low
318.40
Volume
2,051,238
Avg. Vol
2,198,259
52-wk High
341.60
52-wk Low
264.60

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Mon, Jun 4 2018

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Britain's small banks ripe for takeover as CYBG and Virgin Money deal looms

LONDON Shares in lender CYBG rose as much as 3 percent on Monday after it announced a revised bid for rival Virgin Money , increasing the likelihood of a deal that would create a new competitor to Britain's biggest banks.

UPDATE 2-Britain's small banks ripe for takeover as CYBG and Virgin Money deal looms

* Further deals could follow as mid-tier consolidates (adds context, further possible deals)

Virgin, CYBG see cost efficiencies in acquisition

LONDON, June 4 The acquisition of British bank Virgin Money by lender CYBG could result in significant efficiency gains, the boards of the two companies said, after CYBG raised its offer.

UK lender CYBG raises all-share bid for Virgin Money by 7 percent

LONDON British lender CYBG said on Sunday it had raised its offer to buy challenger bank Virgin Money by a 7 percent increase in the exchange ratio through an all-share combination.

UPDATE 2-British bank CYBG's shares slide after first-half loss

* No update on Virgin Money takeover bid Mis-selling charge pushes bank into red Shares fall as much as 6 percent (Recasts, adds share price reaction)

Virgin Money chairwoman says board still reviewing CYBG's takeover bid

LONDON Virgin Money is still reviewing a takeover offer by rival British bank CYBG and an announcement will be made in due course, Chairwoman Irene Dorner said on Wednesday.

Virgin Money shares rise 9 percent after CYBG takeover bid

LONDON, May 8 Shares in Virgin Money rose as much as 9 percent on Tuesday after the British bank said it had received an all-share takeover offer by rival CYBG , valuing the group at about 1.6 billion pounds ($2.17 billion).

UK bank CYBG makes takeover bid for Virgin Money

Virgin Money said on Monday that it had received an all-stock takeover offer from rival CYBG Plc , a proposal that values the British lender at about 1.6 billion pounds ($2.17 billion).

UPDATE 1-UK bank CYBG makes takeover bid for Virgin Money

May 7 Virgin Money said on Monday that it had received an all-stock takeover offer from rival CYBG Plc , a proposal that values the British lender at about 1.6 billion pounds ($2.17 billion).

UK's Virgin Money says it has received takeover offer from CYBG

May 7 UK challenger bank Virgin Money Holdings (UK) Plc said on Monday that it had received a preliminary and conditional takeover offer from mid-sized bank CYBG Plc.

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