After the departure of their CEO in March 1993, the Leeds directors are looking for a replacement. The non-executive directors initially wish to appoint the CEO of a smaller building society but this would mean a merger between the two institutions. The executive directors oppose the candidacy and suggest alternative options. Merger talks revive an earlier debate over the strategic goals of the Leeds. The executive directors seize this opportunity to convince the reluctant majority of the board that a merger with a substantially bigger player, the Halifax building society, is the way to achieve the Leeds mission.
Keywords
Merger, Bank, Personal Financial Services, Construction Company
Settings
United Kingdom
1993 to June 1994
Available Languages
English
IMD case studies are distributed through case clearing houses. In order to browse the collection and purchase copies please visit the links below.
Copyright Information
IMD retains all proprietary interests in its case studies and notes. Without prior written permission, IMD cases and notes may not be reproduced, used, translated, included in books or other publications, distributed in any form or by any means, stored in a database or in other retrieval systems. For additional copyright information related to case studies, please contact Case Services.
