Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Barclays Selling Stake to Fund Bank Battle

10% stake, worth up to $9.6B, could sweeten offer for ABN Amro

By Peter Fearon, Newser Staff

Posted Jul 23, 2007 5:56 AM CDT

(Newser) – Barclays Bank is poised to sell a significant piece of itself to fund its bitterly contested takeover battle for Dutch bank ABN Amro, the Wall Street Journal reports. Barclays is close to a deal with Singapore's government-owned investment firm Temasek Holdings and another investor. A... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Miami Face-Eater Identified

Victim of Naked Face-Eater Fights for Life

Wall Street Journal (Source Grid »)

World's Biggest Bank Takeover

ABN demands more money from Barclays
Financial Times (UK)

Money

Barclays • ABN AMRO • Royal Bank of Scotland

More Newser Stories

Banks Go Dutch on ABN Buy

Royal Bank of Scotland consortium expected to succeed with hostile bid

(NEWSER) - The race to buy Dutch bank ABN Amro is in the final stage—with a consortium led by the Royal Bank of Scotland apparently on the inside track ahead of Barclays. The consortium has already won agreement from ABN and the Dutch government, but has yet to raise the $99 billion it needs for the purchase, the Wall Street Journal reports. More»

RBS Consortium Renews Bid for ABN Amro

$96B offer dwarfs Barclays proposal, but legal woes persist

(NEWSER) - Refusing to take no for an answer, a coalition led by Royal Bank of Scotland today submitted a renewed $95.6 billion bid for ABN Amro. The offer overshadows a competing $86 billion offer from Barclays, but legal wrangling over the sale of LaSalle Bank continues to bog down the RBS group's proposal, the Wall Street Journal reports. More»

Dutch Court Blocks Bank Merger

Court rules ABN Amro can't sell LaSalle, which jeopardizes Barclay merger

(NEWSER) - A Dutch court has blocked the sale of ABN Amro's LaSalle Bank, throwing Amro's proposed merger with Barclays into jeopardy. The move—which the court says is intended to protect shareholder interests—could spark a new bidding war over the Dutch bank, whose $87.5 billion proposed merger with Barclays has been slammed by shareholders as a lowball deal. More»

Barclays Seeks Liquidity With $8.85B Offering

More than half will be bought by Qatari, Japanese investors

(NEWSER) - Add Barclays to the ranks of banks that are floating new shares in an effort to restore liquidity in the lingering wake of the subprime debacle, reports the AP. Barclays will offer up $8.85 billion in shares—with large stakes being purchased by Japanese bank Sumitomo Mitsui and the Qatar Investment Authority. More»

SEC Opens ABN Amro Insider Trading Probe

European banks' transactions ahead of merger under scrutiny

(NEWSER) - The US Securities and Exchange Commission has opened an inquiry into possible insider trading surrounding last year's takeover of Dutch bank ABN Amro. Holland's Financieele Dagblad reports that Fortis, Barclays, Santander, and Royal Bank of Scotland—which eventually won the bidding—have been asked for information about trading in ABN stock before and during the takeover battle. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Barclays Selling Stake to Fund Bank Battle

10% stake, worth up to $9.6B, could sweeten offer for ABN Amro

World's Biggest Bank Takeover

Barclays • ABN AMRO • Royal Bank of Scotland

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Banks Go Dutch on ABN Buy

Royal Bank of Scotland consortium expected to succeed with hostile bid

RBS Consortium Renews Bid for ABN Amro

$96B offer dwarfs Barclays proposal, but legal woes persist

Dutch Court Blocks Bank Merger

Court rules ABN Amro can't sell LaSalle, which jeopardizes Barclay merger

Barclays Seeks Liquidity With $8.85B Offering

More than half will be bought by Qatari, Japanese investors

SEC Opens ABN Amro Insider Trading Probe

European banks' transactions ahead of merger under scrutiny

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?