Supervisory board to discuss ABN Amro bids
AMSTERDAM, May 30 (Reuters) - ABN AMRO’s (AAH.AS: Quote, Profile , Research) supervisory board is getting more involved in the Dutch bank’s takeover battle after a consortium led by Royal Bank of Scotland (RBS.L: Quote, Profile , Research) launched a bid, ABN said on Wednesday.
Royal Bank of Scotland (RBS.L: Quote, Profile , Research), together with its partners Fortis (FOR.BR: Quote, Profile , Research) and Santander (SAN.MC: Quote, Profile , Research) launched a 71.1 billion euro ($95.6 billion) bid on Tuesday, trumping Britain’s Barclays (BARC.L: Quote, Profile , Research) in a battle for the world’s biggest bank takeover.
ABN AMRO’s (ABN.N: Quote, Profile , Research) supervisory board has formed a transaction committee to deal with the offers made by Barclays and the RBS-led consortium, ABN said in a statement.
Very cool, hopefully the deal will move along, the board will put the deals out to the shareholders and we’ll see what decisions are made.
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