4 Mergers and Acquisitions Stock Stories for Tuesday Due Diligence
Royal Bank of Scotland Group (NYSE:RBS): Current price $10.67
W&G Investments PLC on Tuesday extended an offer of as much as 1.5 billion pounds for 316 Royal Bank of Scotland branches that the latter must divest under European Union rules following its government bailout. W&G Investments is fronted by former Tesco Bank Chairman Andrew Higginson, and the firm is offering a 1.1 billion pound upfront payment plus a further 400 million pounds in additional payments calculated upon the manner in which the branches perform, according to a spokesman for the group.
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