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Anorak | Anorak Forums: Virgin Sells Northern Rock Short

Anorak Forums: Virgin Sells Northern Rock Short

by | 26th, November 2007

AGW writes in the Anorak Forums: “Virgin Group and its consortium has been named as preferred bidder in the rescue of Northern Rock.”

And:

Inside track reports suggest the group is plotting to issue new shares at a price as low as 20p Northern Rock closed at 86p on Friday.

The Virgin plan would offer shareholders some hope of getting something.
Roger Lawson, of the UK Shareholders Association, said it welcomed

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Posted: 26th, November 2007 | In: News Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink