Bladewatch.com

http://www.reuters.com/article/ousiv/idUSL2621878520070426

AMSTERDAM (Reuters) – Dutch bank ABN AMRO said it will open its books to a Royal Bank of Scotland Plc led consortium, which has made a 72 billion-euro ($98.2 billion) rival bid for the bank.

ABN, which agreed earlier this week to a 65 billion-euro buyout deal with Barclays, said that RBS, Belgian-Dutch group Fortis and Spain’s Santander could look at its books, subject to confidentiality agreements.

“Although the consortium has provided few additional details with respect to its proposals this decision is in line with ABN AMRO’s on-going commitment to consider value-creating opportunities for shareholders,” ABN said in a statement.

Very cool, for the employees their remains uncertainty, whilst the market watches with interest to see how the deal progresses.

The parties, RBS/Santander/Fortis, Barlcays and ABN Amro will need to decide what fits their business and represents the best oppotunity, in the meantime life goes on from a support, revenue generation and data center cooling perspective.

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.