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BoS raises bid stakes

Bank of Scotland has boosted its bid for National Westminster Bank, heralding a bloody final bout with rival Royal Bank of Scotland.


BoS shares have risen 17.5 p to 678p, now valuing Natwest at £2.7bn above RBS&#39s bid at £24.8bn. The figure is £3.4bn ahead of Natwest&#39s market value.


City experts expect both banks will raise their bids on Monday, the day marking the end of the 60 day takeover timespan.


Natwest called BoS&#39s upped bid as adding to “the long list of side-steps and changes in thinking” by the bank.

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