When the Coventry Building Society first said it wanted to take over Northern Rock, it was virtually ignored. Now it wants to launch a campaign to try to whip up enthusiasm by presenting a deal as a "remutualisation" of the Rock. That's disingenuous: taxpayers have put �1.3bn into the Rock and the investment shouldn't simply be handed to Coventry's members.
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Source: http://www.guardian.co.uk/business/2011/apr/26/northern-rock-coventry-building-society
Consumer affairs Roy Hodgson Mergers and acquisitions Banking Digital media Iain Chambers
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