Bladewatch.com

http://www.bloomberg.com/apps/news?pid=20601085&sid=a_A_hG_UBKQA&refer=europe

May 3 (Bloomberg) — ABN Amro Holding NV will be told by a Dutch court today whether it can proceed with the sale of LaSalle Bank to Bank of America Corp., a transaction at the center of the industry’s biggest takeover battle.

The Amsterdam district court’s Enterprise Chamber, headed by Judge Huub Willems, will rule at about 4 p.m. on a request by the Dutch investor group VEB to freeze the $21 billion sale of LaSalle.

VEB said the LaSalle deal needs shareholder approval and is an attempt to avoid an “unwanted bidding process” for the biggest Dutch bank. ABN Amro, which agreed on April 23 to be bought by London-based Barclays Plc, disputes the VEB statements. Two days after the Barclays offer, a group led by Edinburgh-based Royal Bank of Scotland Group Plc said it may make a higher bid.

Shall watch and see what goes on, it’s interesting from a business standpoint how these mergers evolve, and the resulting deal will have an effect on the IT (not to mention the teams), the data center, whether we merge and absorb or merge and asset manage (sell of business lines/data centers).

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