Alliance and Leicester Shares

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Alliance & Leicester Shares

Despite some setbacks, shares in Alliance and Leicester showed a significant rise in value compared to their initial price, reaching in excess of £12. Subsequent problems in the banking sector in particular and the ftse in general saw prices fall below 220p.

Takeover - Banco Santander, the Spanish owners of Abbey, saw this as a buying opportunity and offered 299p per share. The deal would give shareholders one Santander share for every three A&L shares.

Alliance and Leicester is now part of the Santander group.

NOTE: This website is for information only and should not be relied on for making financial decisions. Get advice from your stockbroker or IFA.

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