ABN Amro deal becomes a thing?

April 29th, 2007 • Related • Filed Under

http://news.bbc.co.uk/1/hi/business/6605535.stm

A Dutch court has deferred until Thursday a crucial decision on whether banking group ABN Amro, the subject of a bid battle, can sell its US business.

Dutch investor VEB is trying to block the $21bn (15.4bn euro) sale of LaSalle to Bank of America, arguing this would be illegal without investor approval.

The outcome could be key to deciding which of Barclays or Royal Bank of Scotland (RBS) succeeds in their bids.

Barclays has bid £45bn for ABN while an RBS-led consortium also intends to bid.

Very interesting, we’ll need to see where this goes, in the meantime, the vendors, the IT contracting community and I suspect the markets will watch and see what business (or businesses) come from this change. The vendors I mention, because what if ABN Amro’s new owners/partners don’t buy HP, don’t use Emulex, they use IBM and Q-Logic, all these kind of things aren’t huge to the market, but they’re significant to the vendor account manager trying to make a sales target..

discussion by DISQUS
Add New Comment