RBS and the offer to ABN Amro
May 29th, 2007 • Related • Filed Under
http://business.guardian.co.uk/story/0,,2090203,00.html
The stakes were raised in the battle for control of ABN Amro today as the Royal Bank of Scotland-led consortium trumped Barclays’ offer with bid proposals valuing the Dutch bank at €71.1bn (£48.1bn).
Terms of the record-breaking bank bid are €38.40 a share, €30.40 of which will be in cash. This tops Barclays’ all-share offer, which currently values ABN Amro at around £43bn.
Check out this article from the Guardian, it appears to cover the deal very well discussing how the RBS Consortium have dealt with the sell of LaSalle within the offer, very cool. Will be interesting to see how this goes ahead.
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