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ABN Amro deal to get emotional?
Royal Bank of Scotland was weighing a hostile bid for all of ABN Amro yesterday as a war of words broke out between the Dutch bank and its would-be British suitor.
It is understood that RBS and its partners would make any such move before an extraordinary general meeting of ABN shareholders called to vote on the sale of its US operation, LaSalle, to Bank of America.
The move came after ABN rejected a $24.5 billion (£12.3 billion) approach from RBS and its partners on Sunday for LaSalle on the ground that it was not superior to a previous agreement to sell the Chicago-based bank to Bank of America for $21 billion.
A hostile bid would be an expensive exercise for the companies involved, will be interesting to see what happens over the next few days with the deal.
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