RBS-led consortium is climbing step-by-step to ABN Amro. Shareholders in RBS voted overwhelmingly in favor of $97.2bn bid for Amro as 94.5% of RBS shareholders support the deal at an extraordinary meeting in Edinburgh.
RBS shareholders follow...
Tag - Barclays
Bidding war for ABN Amro is not ending even after posting a higher bid. Mishmash, in and outside the Dutch bank, is adding worries to RBS-led consortium and Barclays.
RBS-led consortiums' vow to acquire ABN Amro will shape today as Fortis...
Finally, ABN AMRO bows to RBS-led consortium's competitive bid and decided against recommending RBS and Barclays to shareholders.
Earlier, ABN Amro was formally backing Barclays' €67.5 billion ($92.07bn) takeover bid, but RBS-led consortium...
To win the contentious takeover battle for ABN Amro, Barclays is close to an agreement to sell a large stake to Chinese and Singaporean governments, which will raise cash around $20.56 billion ('10bn) to finance its takeover of the Dutch bank giant...
The protracted battle over the acquisition of ABN Amro took a turn for worse for Barclays on Monday. Its rival for the buyout - consortium led by RBS - raised the offer (cash component only) to end Barclays' hope once and for all. The consortium has...
The battle for the ABN AMRO finds no end, as suitors one after the other come in fray and are forced to contemplate as to who the banking giants would merge with.
Initially, RBS-led consortium was seemed the frontrunner, but later Britain-based...
The battle for control of Dutch bank ABN Amro further intensified amid claims and counter-claims by the two major suitors that they represent the best value for the acquisition respectively. Bob Diamond, president of Barclays, has raised the stakes...
US hedge fund Atticus Capital has recommended the UK based bank, Barclays, to abandon its 65 billion-euro or $87 billion offer for Dutch bank ABN AMRO after buying a significant stake in the British bank. Atticus in written letter to Marcus Agius,...
Barclays plans to submit a formal bid for Dutch bank ABN Amro within six weeks. The British Banking Giant said yesterday that it had plans to table an official offer somewhere in July.
Barclays also added that the group was making 'excellent...
In an interesting development, Royal Bank of Scotland Group PLC chairman Tom McKillop has been warned by at least four leading institutional investors last week not to overpay for ABN Amro Holding NV. According to the reports shareholders are...
ABN Amro would not submit to the Dutch Court decision blocking the sale of its US arm LaSalle to Bank of America. Yesterday, the Dutch banking giant said that it planned to challenge the court's decision to freeze the sale of LaSalle bank for $21...
Royal Bank of Scotland led consortium has confirmed that their sweetened offer for ABN Amro Holding NV's LaSalle Bank was rejected by the Dutch bank. In a separate release, Amsterdam-based ABN Amro has said that the group's $24.5 billion bid for...
A Dutch court asked ABN AMRO in its verdict on Thursday to freeze its $21 billion sale of US unit LaSalle Bank. The ruling has dealt a severe blow to its agreed takeover by Barclays Plc and making it easier for a rival group of suitors to bid for...
The Securities and Exchange Commission is contemplating recommending a civil enforcement action against a unit of Britain's Barclays PLC for debt trading that was done while employees served on bankruptcy creditors' committees. The information...
The Royal Bank of Scotland has announced that it and its partners; Santander of Spain and Fortis of Belgium, believe they could pay around 13 per cent more for ABN than what Barclays is offering. The consortium led by RBS has offered 72.2 billion...
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