Post By Martin 0 Comments
May 2007 29

RBS Consortium offer for ABN Amro (the financial bit)

http://investing.reuters.co.uk/news/articleinvesting.aspx?type=mergersNews&storyID=
2007-05-29T052731Z_01_WEA3216_RTRIDST_0_ABNAMRO-TAKEOVER-FORTIS-URGENT.XML

AMSTERDAM, May 29 (Reuters) – A consortium led by Royal Bank of Scotland (RBS.L: Quote, Profile , Research) unveiled a bid for ABN AMRO (AAH.AS: Quote, Profile , Research) valued at 38.40 euros per share on Tuesday.

Consortium member Fortis (FOR.BR: Quote, Profile , Research)(FOR.AS: Quote, Profile , Research) said the banks planned to offer 30.40 euros in cash plus 0.844 new shares in RBS for each ABN AMRO share in an offer worth a total 71.1 billion euros ($95.7 billion).

The financial aspects of the RBS offer for ABN Amro, we’ll need to see what the response is to the ABN deal, we’ll need to see the market response later on today, as well as the ABN Amro one sometime soon.

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