Post By Martin 0 Comments
June 2007 26

Attorney General on the ABN Amro deal

http://ftalphaville.ft.com/blog/2007/06/26/5458/rbs-maybe-we-dont-need-lasalle-after-all/

Another twist in the ABN Amro takeover. And this time it’s RBS et al on the back foot – or at least in something of a corner.

The Dutch legal system has flung open the fight to buy the bank with the opinion from attorney-general to the Dutch Supreme Court, Vino Timmerman, that the sale of LaSalle Bank to Bank of America, cooked up as part of the merger between ABN and Barclays, did not require shareholder approval.

Check out this article from the FT, it’s talking about the Dutch attorney General’s opinion that the LaSalle deal did not require shareholder involvement, an interesting read..

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