Q10. What effect would the price Lloyds paid for shares have
on the value of any offer by them for Midland?
A10. Under the rules of the Takeover Code, the value of any
offer made by Lloyds for Midland per share could not be less than the price paid by them for shares in the twelve
months prior to any bid.
900
CADIO NOLIEWOO) 110
25:60
26/90/90