CYBG PLC (CYBGC.L)
Mon, Jun 4 2018
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.
* Further deals could follow as mid-tier consolidates (adds context, further possible deals)
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.
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.
* 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)
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.
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).
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).
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).
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.