Bidders put off by Egg asking price - reports

At least two potential bidders have walked away from Prudential's auction of Internet bank Egg amid disagreements over price, according to unconfirmed reports.

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Bidders put off by Egg asking price - reports

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Newswires have been buzzing with reports citing un-named sources close to the firms who are said to have been put off by Prudential's asking price for its 79% Egg stake. Monoline credit card outfit MBNA, Royal bank of Scotland, Citibank and HSBC have all been touted as potential bidders for the online bank.

Analysts have put a ceiling of 200 pence a share on Egg's stock, valuing the company at up to £1.6 billion.

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