M&A

JPMorgan, Goldman and UBS advise on Nationwide’s £2.9bn Virgin Money deal

Virgin Money’s share price jumped more than 30% following the disclosure of the deal

Nationwide agreed to buy Virgin Money for £2.9bn
Nationwide agreed to buy Virgin Money for £2.9bn Photo: Ian Forsyth/Bloomberg via Getty Images

JPMorgan, Goldman Sachs and UBS are advising on Nationwide Building Society’s proposed £2.9bn takeover of Virgin Money.

Nationwide is offering 220p per Virgin Money share, a premium of 38% on Virgin Money’s 6 March closing share price of 159p, plus a dividend of 2p per Virgin Money Share, the pair told the stock market in a joint 7 March statement.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump