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Lloyds Bank may bid again for Standard Chartered.

April 08, 1986

Lloyds Bank, Britain's fourth-largest bank, is expected this week to renew its unsolicited effort to buy Standard Chartered Group, another major British bank and the parent of Los Angeles' Union Bank. Lloyds last week proposed a $1.74-billion takeover of Standard Chartered, but the offer was rejected as "not welcome." A combination of the two banks would create Britain's largest bank, with the equivalent of $105.1 billion in assets.

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