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Company Statement: Lloyds TSB - Acquisition update

( January 19, 2009, 16:59 GMT | Official Statement) -- ****************************************The Board of Lloyds Banking Group plc (the ‘Group’) is pleased to announce the successful completion of the acquisition of HBOS plc (the ‘Acquisition’) creating the opportunity to become the leading UK financial services group. The combination will also drive significant synergy benefits: the Group’s Board believes it will deliver total pre-tax annual cost savings greater than £1.5 billion by the end of 2011....

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