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Banks rebuked for leaking merger talks to press

The Takeover Panel has rebuked Bank of Scotland and Abbey National for leaking information about merger talks to the press before telling the City.

Talks between the two parties have resumed.

Abbey National refused to rule out a hostile bid.

Financial Times 08/11/00 page 32
The Daily Telegraph 08/11/00 page 33
The Times 08/11/00 page 27
The Independent 08/11/00 page 20

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