Lloyds investors back HBOS takeover

Lloyds TSB investors have voted in favour of its proposed takeover of HBOS at an extraordinary general meeting (EGM), in a deal that would "inevitably" lead to a consolidation of the banks' print operations.

Print industry experts have speculated that the merger would undoubtedly lead to both a consolidation of the two banks' in-house printing operations, as well as a review of external contracts with the likes of Communisis, Williams Lea and Xerox Global Services (XGS).

The merger, which was announced in September, was supported by more than 96% of Lloyds shareholders, who also voted in favour of the bank taking part in the government's re-capitalisation scheme.

The only hurdle left to overcome before the two banks join forces is HBOS' EGM next month, at which its shareholders will vote on whether to accept Lloyds' offer.