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Lloyds TSB could be a bid target
13/02/2006
A revival in European bank M&A deals has rekindled the prospect that British banks will be involved in the next round of takeovers, with Lloyds TSB a prime candidate to be in the sights of a predator. Spain's BBVA or another bidder could be lurking and willing to pay over $50 billion for a bank with a hefty pension deficit, a big insurance arm and which operates almost exclusively in the mature British market. Many analysts doubt the logic of a deal, but some warn not to be hasty in ruling out a bid.

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