Bladewatch.com

http://www.bloomberg.com/apps/news?pid=20601102&sid=aX9ZOGETVe5A&refer=uk

May 25 (Bloomberg) — Royal Bank of Scotland Group Plc, which is leading a potential bid to buy ABN Amro Holding NV, will clarify whether it intends to make an offer for the No. 1 Dutch lender May 29.

The group, which includes Santander Central Hispano SA and Fortis, had previously indicated it would provide an update on May 27, Royal Bank said today in a statement. The group put back the announcement date because of the May 28 bank holiday in the U.K., the Netherlands and Belgium, it said.

The announcement will clarify “whether or not, and if so under what circumstances, the banks will make an offer for ABN Amro,” Royal Bank said in the statement.

So we’ve got the official date for the diary, 29th of May is ‘D-Day’ when we hear what the RBS Consortium want to do, it will be interesting to see what the decision is.

The LaSalle transaction with Bank of America aspect has certainly complicated what should have been a simple transaction; you’re going to merge, either its with Barclays or the RBS Consortium, then over to the shareholders for the decision with a recommendation from the management team.

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