MADRID, March 17 (Reuters) - The boards of Sabadell and TSB will meet on Thursday, with theSpanish bank set to formalise its takeover offer for its Britishpeer, a source familiar with the matter said on Tuesday.
"The Sabadell board meeting is expected to formally approveits offer along the terms already disclosed," the source said,referring to the $2.6 billion acquisition approach Sabadell madeto TSB last week.
Sabadell and TSB declined to comment. Lloyds, which owns 50percent of TSB, has already said it was minded to accept theoffer. (Reporting by Jesus Aguado, additional reporting by MattScuffham in London, Writing by Sarah White, Editing by JulienToyer)
Lloyds (LLOY)