Midshires reveals windfalls today

Tuesday 27 October 1998 00:02 GMT

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BIRMINGHAM MIDSHIRES will today disclose details of windfalls due to be paid to policyholders if they vote in favour of a pounds 750m takeover bid from the Halifax.

Halifax yesterday revealed that it would distribute windfalls, in the form of cash and preference shares, by 19 April. Windfalls are expected to worth about pounds 750 each. A vote on whether to accept the offer will take place at an extraordinary meeting on 11 December.

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