Merger Was Right and Most Jobs Safe, Says Hbos Chief ; Integration Will Take at Least Two to Three Years to Complete'
Western Mail › September 23, 2008
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Summary
HBOS chief executive Andy Hornby yesterday defended his company's takeover by Lloyds TSB, telling staff: "It was the right thing to do."
In an internal email he said the two institutions had been talking for some time about a deal, and claimed it would create "a financial powerhouse".See the full content of this document
Extract
Merger Was Right and Most Jobs Safe, Says Hbos Chief ; Integration Will Take at Least Two to Three Years to Complete'
Mr Hornby also said it could take at least three months to complete the deal - and up to three years to integrate the two institut...
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