Does anyone see any benefit to small users in voting yes for the abbey take-over by Banco Santander?
Seems to me it just means we have to pay the higher Spanish tax on dividends, deal with the Spanish tax authorities each year and when we sell shares all for no real benefit in price.
As a supplementary - do people think it will get 75% of the shareholders voting 'Yes'. I'd like to continue holding Abbey but do not want to hold Santander.
Mark BR
Oh, I've heard of them. Aren't they owned by Royal Bank of Scotland?
How so? Abbey would still be a British company. It makes no difference who they're owned by.
You wouldn't have to hold Santander. If the takeover succeeds, they will force you to sell your Abbey shares to them. They will probably offer you a choice of cash or their shares, so can choose cash and use it to buy something else, like RBS. :-)
Not much knowledge of who owns whom, then!
RR obviously doesn't know anything about the take-over terms.
RR obviously isn't keeping up to date on this one.
shareholders
I normally do not reply to rubbish, but have to wonder how some people respond when they have such a total lack of knowledge of the subject. Trouble is some people might believe all they read on the newsgroups. Maybe RR's reply will convince them to exercise a little scepticism!
(no comment against David!)
Mark BR
You haven't got a clue, have you?
sPoNiX
Not owned. RBS own a stake in them - 10% or 15% or somesuch amount. And Santander own a stake about the same size in RBS.
Protech Computing Ltd (Please post ALL replies to the newsgroup only unless indicated otherwise)
They have / had large cross holdings in each other. I believe the plan is to sell these.
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