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Virgin Money Holdings (UK) PLC (VM.L)

VM.L on London Stock Exchange

370.90GBp
4:51pm BST
Change (% chg)

5.90 (+1.62%)
Prev Close
365.00
Open
365.00
Day's High
373.60
Day's Low
364.80
Volume
2,688,503
Avg. Vol
3,393,099
52-wk High
373.60
52-wk Low
250.20

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Mon, Jun 18 2018

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CYBG and Virgin Money join forces to take on Britain's biggest banks

LONDON Mid-sized bank CYBG has agreed to buy Virgin Money in a 1.7 billion pound ($2.3 billion) all-share deal that it said will create Britain's sixth-largest bank by assets and a stronger challenger to the country's top four lenders. | Video

Breakingviews - Virgin Money is cheap bride in UK bank wedding

LONDON (Reuters Breakingviews) - Virgin Money has turned out to be an acquiescent bride. The UK lender on Monday agreed to wed larger CYBG in a deal worth 1.7 billion pounds. The agreement to create the UK’s sixth-biggest bank by assets comes barely a month after Virgin Money spurned an initial approach. A union may well make sense – but its shareholders are entitled to feel short-changed.

CYBG and Virgin Money join forces to take on Britain's biggest banks

LONDON Mid-sized bank CYBG has agreed to buy Virgin Money in a 1.7 billion pound ($2.3 billion) all-share deal that it said will create Britain's sixth-largest bank by assets and a stronger challenger to the country's top four lenders.

UPDATE 3-CYBG and Virgin Money join forces to take on Britain's biggest banks

* GRAPHIC:(tmsnrt.rs/2Jcwir8) (Adds CFO, Unite quote, graphic links, updates share prices)

British bank CYBG clinches $2.3 billion takeover of Virgin Money

LONDON, June 18 Mid-sized British bank CYBG said on Monday it had clinched a deal to take over rival Virgin Money after over a month of talks, in a deal valuing the lender at around 1.7 billion pounds ($2.26 billion).

CYBG on track to clinch Virgin Money deal before deadline - source

LONDON, June 15 CYBG is closing in an agreement to buy rival Virgin Money to create a larger bank to take on Britain's biggest lenders, a source familiar with the matter told Reuters on Friday.

Britain's small banks ripe for takeover as CYBG and Virgin Money deal looms

LONDON Shares in lender CYBG rose as much as 3 percent on Monday after it announced a revised bid for rival Virgin Money, increasing the likelihood of a deal that would create a new competitor to Britain's biggest banks.

Britain's small banks ripe for takeover as CYBG and Virgin Money deal looms

LONDON Shares in lender CYBG rose as much as 3 percent on Monday after it announced a revised bid for rival Virgin Money , increasing the likelihood of a deal that would create a new competitor to Britain's biggest banks.

UPDATE 2-Britain's small banks ripe for takeover as CYBG and Virgin Money deal looms

* Further deals could follow as mid-tier consolidates (adds context, further possible deals)

UK lender CYBG raises all-share bid for Virgin Money by 7 percent

LONDON British lender CYBG said on Sunday it had raised its offer to buy challenger bank Virgin Money by a 7 percent increase in the exchange ratio through an all-share combination.

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