Bladewatch.com

http://www.ft.com/cms/s/0467005e-0fb7-11dc-a66f-000b5df10621.html

ABN Amro is encouraging a Royal Bank of Scotland-led consortium and Bank of America to resolve their dispute over the ownership of its US subsidiary in an effort to end the legal confusion surrounding the takeover battle for the Dutch lender.

The RBS consortium last week held discussions with BofA on a deal that would see them carve up ABN Amro’s US division, LaSalle. Though the talks broke down, ABN Amro is keen for the discussions to resume because it sees a deal as the best way of avoiding an extended legal fight.

 According to people familiar with the talks, the two sides were discussing a deal whereby BofA would complete its purchase of LaSalle for $21bn, but would agree to sell some of LaSalle’s assets to RBS if the consortium’s €71bn ($95.5bn) offer for ABN Amro were to succeed.

Absolutely, we need to get the LaSalle bit out of the way, resolve it to enable the supervisory board and the shareholders to make a decision, but what a situation to get into..

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