Published 1 month ago

Nationwide agrees £2.9bn deal to take over Virgin Money

Virgin Money shareholders will receive 220 pence in cash, including a proposed dividend, representing a 38% premium to the closing price on March 6.
Each shareholder will get 218 pence per Virgin Money share and 2 pence dividend per share.
The deal offers a significant financial benefit to Virgin Money shareholders.

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The Guardian

Nationwide agrees £2.9bn deal to take over Virgin Money

Richard Branson has already indicated he will back takeover that will require the agreement of the group’s shareholdersNationwide Building Society is lined up to take over its smaller rival Virgin Money after the pair formally agreed a deal worth £2.9bn.The deal, which will solidify Nationwide’s position as the UK’s second largest mortgage lender, will also trigger the resignation of Virgin Money boss David Duffy, and is likely to lead to job cu…

1 month ago·London, United Kingdom

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Daily Express

Nationwide to take over Virgin Money in £2.9bn deal

The planned takeover will bring together Britain's fifth and sixth largest retail lenders.

1 month ago·United Kingdom

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RTÉ

Nationwide, Virgin Money directors back £2.9 billion deal

Directors at Nationwide Building Society and takeover target Virgin Money said today they would "unanimously" recommend the proposed £2.9 billion deal to independent Virgin Money shareholders.

1 month ago·Ireland

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