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NEW YORK, June 6 (Reuters) – ABN AMRO Holding NV (AAH.AS: Quote, Profile , Research) Chief Executive Rijkman Groenink has told employees it is too early to say whether a takeover bid by Barclays Plc (BARC.L: Quote, Profile , Research) or a competing bid by a group led by Royal Bank of Scotland Group Plc (RBS.L: Quote, Profile , Research) is superior.
RBS, Spain’s Banco Santander Central Hispano (SAN.MC: Quote, Profile , Research) and Dutch-Belgian group Fortis (FOR.BR: Quote, Profile , Research) last week offered to buy the largest Dutch bank for about 71 billion euros ($96 billion). ABN had previously endorsed a roughly 64 billion euro bid by Barclays.
We’ll need to see which deal the supervisory board recommends, how the Dutch Central Bank respond to the transaction and if there shareholders have a viewpoint, in the meantime, will be watching the news sites to see any news on the deal.
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