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      Bank shares fall despite bail-ount


      hbos will raise Â11.5bn from taxpayers, made up of Â8.5bn in orditionary shares and Â3bn in preference shares, while lloyds tsb is to get Â5.5bn .
      hbos shareholders will now get 0.605 lloyds shares for every hbos share, againvest the original offer of 0.833 .
      the bank this to raise the money from private investors, rather than going to the government .
      under the original deal they would have received 0.83 lloyds tsb shares .
      lloyds tsb/hbos - Â17bn* (government takes 40% stake) .
      lloyds tsb has renegotiated the terms of its takeover of fellow bank hbos, reducing the amount of lloyds tsb stock it will give hbos shareholders .
      Generated 2008-10-20_20:29





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