Gbp 35k Costs Blow for Anti-Hbos Takeover Team

The ScotsmanJune 24, 2009

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Summary


BUSINESS Secretary Lord Mandelson was branded "vindictive" last night after the group which tried to block the HBOS takeover by Lloyds was forced to pay GBP 35,000 in legal costs.

The Merger Action Group (MAG) was forced to pay the fees because of its challenge late last year to stop the UK government waiving competition law to let the takeover of HBOS go ahead.

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Gbp 35k Costs Blow for Anti-Hbos Takeover Team

The failed challenge to the Competition Appeal Tribunal (C...

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