Alliance and Leicester Shares

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, have seen this as a buying opportunity and have offered 299p per share. This is in addition to a 18p per share dividend making the shares worth 317p. The offer, made on 14th july, saw the shares close the day at a premium price of 335p - a massive 52% rise on the day. The deal would give shareholders one Santander share for every three A&L shares

The reason that shares closed higher than the offer price is speculation that a further suitor may enter the fray, sparking a bidding war. Some analysts suggest that now may not be the best time to sell. Others however may take the view that the price may not sustain it's current levels

Will my Alliance & Leicester shares go up or down? Should I sell my shares now?
The stockmarket is in some state of turmoil and predicting the future is tricky. If you do need advice, then you need to speak to a broker, who of course will charge you for his advice. For cheap share dealing, you will need an execution only broker. Alliance & Leicester share code AL.L

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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