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UK Group Challenges Lloyds-HBOS Union

By Erin Marie Daly ( December 8, 2008, 12:00 AM EST) -- The United Kingdom's competition appeals court heard an eleventh-hour legal challenge on Monday to the British government's decision to clear Lloyds TSB's proposed acquisition of HBOS PLC — the holding company for the Bank of Scotland and the U. K. 's largest mortgage lender — without referring it to competition authorities. . . .

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