Bank of Scotland gives in

By This Is Money
Updated: 00:00 BST, 10 February 2000

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Bank of Scotland on Thursday 譲歩するd 敗北・負かす in its 戦う／戦い with 王室の Bank of Scotland for 支配（する）／統制する of 国家の Westminster Bank. In a 覚え書き to staff, a copy of which was 得るd by Reuters, Bank of Scotland 大統領 Peter Burt said: 'You will have heard that we have lost our 企て，努力，提案 for Natwest. This saddens us, but w e are far from downhearted. The 人物／姿／数字s 存在 引用するd today are やめる different from reality. Until Tuesday many large 株主s had 示すd support for ourselves but one major 投票（する） went against us and then others switched 決定／判定勝ち（する）s as their first 優先 was to 確実にする that NatWest didn't 生き残る. It was an 極端に の近くに call.

The 覚え書き continued; 'We took a bold 決定／判定勝ち（する） based on our strengths, our people and our 記録，記録的な／記録する. 非，不，無 of these 成分s have changed. We are continuing to grow and will continue to do so.

The news （機の）カム as the NatWest board was locked in 会合s, trying to calculate how best to 答える／応じる to 株主s' 圧倒的な support for RBS. Phillips & Drew is understood to have piled the 圧力 on the bank, 説 that it will switch its 投票（する）s unless chairman Sir David Rowland 配達するs a 会社／堅い 推薦 of the RBS 提案s.

The 基金 経営者／支配人 said this week that it would support 王室の Bank's 競争相手 in the 企て，努力，提案 戦う／戦い, Bank of Scotland. It is 明らかに so keen for NatWest to lose its independence, however, that it is 用意が出来ている to alter its 投票（する）ing 意向s if necessary. RBS is thought to have 獲得するd more than 40% of the 投票（する）s after a 決定／判定勝ち（する） by Schroders and Merrill Lynch 水銀柱，温度計 to take its 味方する.

The bank's 株 fell 39p to 865p today, meaning they have sunk by around 18% since Tuesday night, sending the value of the RBS 企て，努力，提案 to below £21 billion. 株主s were sanguine about the 減少（する） in the price. 'We are not looking at short-称する，呼ぶ／期間／用語 movements in the 株 price. We always knew the winning 入札者's 株 would 落ちる but this 企て，努力，提案 is fundamentally about 管理／経営,' said one institutional 投資家.

Bank of Scotland 株 today 伸び（る）d 18 p to 689p, 反映するing market theorising that it is now 攻撃を受けやすい to a 企て，努力，提案.