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Is Bradford And Bingley Being Lined Up For A Takeover?

While the Bradford and Bingley bank has not been out of the news over the last few weeks there is strong speculation that it will at some point be snapped up by either a UK bank or an overseas investor. However, there are also a number of people concerned about the short to medium term health of the group and the potential for an already difficult situation to get much worse.

As the financial press has covered in detail over the last few weeks the company has not been short of potential partner or potential bidders but for a variety of reasons these inquiries have come to nothing - indeed the move by US firm Texas Pacific to take a sizeable stake was even cancelled at the last minute. So what is the real problem? Why has Bradford and Bingley been jilted at the alter so often over the last few weeks?

One issue which seems to have blocked the possible merger with Revolution Group was the apparent unwillingness of the group to open its books. This did anger many at the time and there are hopes that the directors will have learnt their lesson if another potential partner comes knocking on the door.

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