Community Views : What’s on the boards today….13th Dec 2010

13th December 2010

The Daily Telegraph

"Wellstream, the oil services group, has agreed a £800m, 786p-a-share takeover offer from General Electric, the US conglomerate."

The Financial Times have also covered this story:

"General Electric has agreed to buy Wellstream, the UK oil and gas services group, for approximately £800m as part of an aggressive expansion into energy services. GE, which has twice been rebuffed by Wellstream, confirmed on Monday it will pay 786p a share, including a special 6p a share dividend, for the UK group."

The Guardian

"Paul Myners calls for RBS and Lloyds to be broken up"

Elderly comments: "Well,well, this idiot is back on the scene. Myner is the government clown that signed off Fred the Shreds enormous pension pay off, he obviously thought that Fred had done a brilliant job at RBS and should be rewarded accordingly, so I think we should all just ignore this idiot and perhaps he will just go away.

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