Halifax nears shares ruling

Saturday 25 March 1995 00:02 GMT

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The High Court is expected to rule on Monday whether Halifax and Leeds Permanent building societies can offer free shares to members following their plannned merger and flotation as a bank.

If the court rules in favour of the proposed scheme, borrowers and members with a balance of more than £100 in savings accounts could get free shares worth approximately £600.

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Halifax nears shares ruling

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