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HBOS shares hit by merger doubts
shares in hbos declined more than 20%, following market speculation that lloyds tsb could renegotiate its deal to take over hbos .
a spokesman for lloyds tsb said the deal was proceeding as planned and should be completed by the end of 2008 .
in mid-afternoon trading, shares in hbos - the uk's biggest mortgage lender - were down 13.8% at 122.4p after earlier fallowing as much as 26% .
however, the bbc's business editor, robert peston, said people close to the deal had told him there was absolutely no chance that lloyds tsb would change the terms of the acquisition .