TITLE

ABN Amro Tug of War Heats Up

AUTHOR(S)
Bizouati, Ya�l
PUB. DATE
April 2007
SOURCE
Investment Dealers' Digest;4/30/2007, Vol. 73 Issue 17, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the move of a consortium of three banks that include Royal Bank of Scotland PLC, Banco Santander SA and Fortis AG to offer $98.5 billion for ABN Amro Inc. The offer is intended to defeat the $91 billion offer of Barclays Bank PLC for ABN Amro. ABN announces that it is open to discussing the new offer to receive further clarification.
ACCESSION #
24926726

 

Related Articles

  • RBS-led group offers more cash in $98 billion ABN bid.  // North Western Financial Review;8/1/2007, Vol. 192 Issue 15, p30 

    The article reports that Royal Bank of Scotland PLC had increased its bid for Dutch Bank, ABN AMRO Inc., in an attempt to beat its rival suitor Barclays Bank PLC. According to the report, Royal Bank has kept its offer for ABN at 38.4 euros per share, ten percent above an all-share offer from...

  • Changing Perceptions. Hamerman, Joshua // Investment Dealers' Digest;1/21/2008, Vol. 74 Issue 3, p27 

    The article reports on the acquisition of Dutch bank ABN AMRO Bank by a consortium led by Royal Bank of Scotland and including Banco Santander and Fortis bank for €67 billion in Europe. It states that the acquisition was the first unsolicited offer for a major European financial...

  • Feature Analysis.  // MarketWatch: Global Round-up;Sep2008, Vol. 7 Issue 9, p128 

    The article provides an analysis on various issues affecting the financial services industry worldwide. These include how the acquisition of Alliance & Leicester PLC by Banco Santander SA will impact competition in Great Britain, how Tesco PLC's take over of the Royal Bank of Scotland (RBS) will...

  • Sama to offer Hollandi to global bank.  // MEED: Middle East Economic Digest;2/8/2008, Vol. 52 Issue 6, p10 

    The article reports that the Saudi Arabian Monetary Agency (SAME) is understood to favour selling the 40% of Saudi Hollandi Bank previously owned by ABN Amro to another international bank, rather than to a regional institution. The central bank has drawn up a list of interested parties that...

  • Barclays: ABN Amro bid withdrawal poses bigger questions.  // MarketWatch: Global Round-up;Nov2007, Vol. 6 Issue 11, p117 

    The article reports on the controversy over the decision of Barclays Bank PLC to withdraw its takeover bid for ABN Amro after defeated by Royal Bank of Scotland-led consortium. The move came after the bank failed to obtain 80 percent shareholder approval for its cash and share offer. In line...

  • Growing Hostility. Bizouati, Yaël // Investment Dealers' Digest;6/4/2007, Vol. 73 Issue 22, p6 

    The article reports that the Royal Bank of Scotland (RBS)-led consortium has topped the bid of Barclays to acquire ABN Amro's LaSalle. The consortium is composed of three banks, which are RBS, Banco Santander and Fortis. The deal was valued at $95.5 billion, down from $98.5, topping Barclays...

  • …BUT OFFER IS CONTINGENT ON LASALLE BANK'S INCLUSION IN DEAL.  // CardLine;6/1/2007, Vol. 7 Issue 22, p10 

    The article presents an update on the 71.1 billion euro offer by Royal Bank of Scotland PLC for ABN AMRO, which included subsidiary LaSalle Bank. ABN AMRO agreed to sell LaSalle to Bank of America at the same time it agreed to a Barclays takeover. But a Dutch court froze the sale, saying that...

  • HBOS levels its guns against the Spanish armada. Bone, Alison // Money Marketing;9/2/2004, p16 

    A war of words is escalating between HBOS PLC and Santander Central Hispano SA as both adopt stronger tactics in the battle for financial services provider Abbey Co. Although HBOS has not yet launched a formal bid for Abbey, it went on the offensive last week by lodging a protest with the...

  • ROYAL BANK OF SCOTLAND-LED GROUP MAKES $95.9 BILLION ABN AMRO OFFER….  // CardLine;6/1/2007, Vol. 7 Issue 22, p9 

    The article reports on the launch of a 71.1 billion euro bid for Dutch bank ABN AMRO by a consortium of three European banks led by the Royal Bank of Scotland PLC. The consortium, which also includes the Belgian/Dutch bank Fortis NV and Spain-based Grupo Santander, is offering 38.40 euros in...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics