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October 10, 2008 7:32:29 PM CDT

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Stories related to: ABN AMRO

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8 Stories

  • October 2007

    • World's Biggest Bank Deal Ends in Breakup

      Wall Street Journal  |  Oct 5, 07 8:15 AM CDT

      World's Biggest Bank Deal Ends in Breakup

      (Newser) - After months of counteroffers, court cases and credit crises, the battle to buy Dutch banking giant ABN Amro concludes today, with a break-up of the bank. The Wall Street Journal reports that a three-bank consortium led by the Royal Bank of Scotland will almost certainly win ABN Amro shareholders' approval of the $101 billion takeover. RBS fought Barclays to the end for the prize, but some observers are wondering whether it will regret the purchase. More »

  • September 2007
  • July 2007

    • Barclays Bid Gets Backing From the East

      BBC  |  Jul 23, 07 12:06 PM CDT

      Barclays Bid Gets Backing From the East

      (Newser) - The Chinese and Singaporean governments have invested almost $5 billion in Barclays, helping the firm float more cash for its bid for ABN. The state-run companies would invest even more if the bid succeeds, which would leave the Chinese state with a holding of 7.7% of the world's new largest bank. More »

      Tags

      China  • bank  • Barclays  • Singapore  • ABN AMRO

    • Barclays Selling Stake to Fund Bank Battle

      Wall Street Journal  |  Jul 23, 07 5:56 AM CDT

      Barclays Selling Stake to Fund Bank Battle

      (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 10% stake is worth up to $9.6 billion.  More »

      Tags

      Barclays  • Royal Bank of Scotland  • ABN AMRO

  • May 2007

    • RBS Consortium Renews Bid for ABN Amro

      Wall Street Journal  |  May 29, 07 9:02 AM CDT

      RBS Consortium Renews Bid for ABN Amro

      (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 »

      Tags

      acquisitions  • merger  • bank  • Barclays  • Royal Bank of Scotland  • ABN AMRO  • LaSalle Bank

    • ABN Turns Down RBS Spoiler Offer

      Financial Times (UK)  |  May 7, 07 8:01 AM CDT

      ABN Turns Down RBS Spoiler Offer

      (Newser) - Dutch bank ABN Amro has rebuffed a $24 billion offer for its American nephew LaSalle, from a consortium led by the Royal Bank of Scotland. ABN says the bid was no better than a previous one from Bank of America, and that the Scots had ignored "repeated requests for clarification" on the deal's financing and other issues. More »

      Tags

      business  • Bank of America  • bank  • Royal Bank of Scotland  • ABN AMRO  • LaSalle

    • Dutch Court Blocks Bank Merger

      Bloomberg  |  May 3, 07 1:47 PM CDT

      Dutch Court Blocks Bank 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 »

      Tags

      business  • bank  • Barclays  • Royal Bank of Scotland  • ABN AMRO  • LaSalle

  • April 2007

    • Euro Bank Giants to Merge

      BBC  |  Apr 23, 07 9:23 AM CDT

      Euro Bank Giants to Merge

      (Newser) - Britain's Barclays Bank and Dutch bank ABN Amro have agreed to merge, creating one of the world's largest banks. The $90 billion deal is far from a sure thing, however—it requires approval by shareholders and regulators, and a group led by Barclays' archrival, the Royal Bank of Scotland, has expressed interest in ABN. More »

      Tags

      money  • merger  • bank  • Barclays  • ABN AMRO  • John Varley

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