HBOS confirms in takeover talks with Lloyds TSB

LONDON, Sept 17 Wed Sep 17, 2008 1:34pm BST

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LONDON, Sept 17 (Reuters) - British bank HBOS Plc HBOS.L confirmed on Wednesday it was in advanced talks that may lead to a takeover by domestic rival Lloyds TSB (LLOY.L).

"In the light of market speculation, the board of HBOS Plc confirms that it is in advanced talks with Lloyds TSB Group Plc which may or may not lead to an offer being made for HBOS," HBOS said in a statement.

(Reporting by Paul Hoskins)

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