LONDON, UK: Nationwide Building Society has agreed to a cash acquisition of Virgin Money UK, valued at approximately £2.9 billion. Each Virgin Money shareholder is set to receive 220 pence per share, which includes 218 pence in cash consideration and a 2 pence proposed dividend. This offer marks a significant premium over recent closing prices,…
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Nationwide Building Society to buy Virgin Money for £2.9 billion in cash
LONDON, UK: Nationwide Building Society has agreed to acquire Virgin Money UK PLC for £2.9 billion in cash, in a deal that would create the UK’s second largest mortgage and savings provider. Virgin Money shareholders would receive 220 pence per share, including a dividend of 2 pence, which is a 38% premium to the market…