Tuesday June 26, 2007

Bidders for ABN AMRO jostle for position

iht.com :

Bidders for ABN AMRO are jostling to position themselves ahead of a Dutch court ruling expected in the coming weeks that will determine the next step in the world's largest banking takeover battle.

Barclays is looking into whether it could sweeten its EUR 67 billion, or $89.1 billion, all-share bid for ABN AMRO, the largest Dutch bank, should it have to go head to head with a rival offer from a group led by Royal Bank of Scotland, said a person with direct knowledge of the offer. The bid by the rival consortium is worth EUR 71 billion, mostly in cash, although it comes with more conditions.

See also :

1. RBS consortium bids $95.6 billion for ABN AMRO
2. Barclays buys ABN Amro for $91 billion

(2007-06-26 12:17:50 SGT) [Biz] Permalink

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