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Reuters score market-moving scoop on HBOS deal

Reuters score market-moving scoop on HBOS deal

Shares of British takeover target HBOS jumped 24 percent on Oct 1 after Reuters was first with news that top investor Standard Life Investments was backing the sale to Lloyds TSB, renewing confidence in the merger after speculation of a likely repricing. Dow Jones followed 8 minutes later and Bloomberg was even later. The story was cited across media and picked up by several UK newspapers including the Guardian, the Times and the Independent.

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