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's bid at £24.8bn. The figure is £3.4bn ahead of Natwest's 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's upped bid as adding to “the long list of side-steps and changes in thinking” by the bank.