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Midshires consults over rival takeover bids

Birmingham Midshires Building Society is seeking permission from Royal Bank of Scotland to enter into talks with rival bidder Halifax over a possible acquisition.

Midshires is also seeking advice from its banking and legal advisers about how to go ahead with its conversion, faced with the two rival bids. It is understood that the Building Societies Commission does not allow two rival offers to be put to its members at once.

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