
Nationwide Building Society has agreed to a £2.9 billion deal to acquire Virgin Money, a move that has sparked significant discussion among its members and the broader public. There have been mounting calls for Nationwide to give its members a say in the takeover process, with some urging members to oppose what they see as a misguided deal. The acquisition, which is a cash deal, is set to reshape Britain's banking landscape. Richard Branson, associated with Virgin Money, is set to receive a $856 million payout from the takeover. Nationwide has issued a message to people with over £1 in their bank account 'from today'.
Richard Branson set for $856 million payout from Nationwide’s Virgin Money takeover https://t.co/IaoMViXCLL
Nationwide agrees £2.9bn deal to take over Virgin Money https://t.co/7pkHSFBX7A
Nationwide's £2.9bn takeover of Virgin Money takes step forward https://t.co/U3nd8Zipmn https://t.co/3KkltFEi4J




