Three firms instructed as TSB looks set to recommend a £1.7bn takeover offer from Spain's Banco de Sabadell
March 13, 2015 at 08:59 AM
1 minute read
The original version of this story was published on Legalweek
Linklaters, Allen & Overy (A&O) and Herbert Smith Freehills (HSF) have been instructed on a £1.7bn takeover approach for bank TSB by Spain’s Banco de Sabadell.
TSB was spun off from Lloyds Banking Group last year before an initial public offering (IPO) valued the bank at around £1.3bn.
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