Post By Martin 1 Comment
July 2007 24

Barclays raises its offer

http://www.chicagotribune.com/business/chi-tue_brief3_0724jul24,0,3616032.story

AMSTERDAM – Barclays PLC will raise its offer for ABN Amro Holding NV to $93.1 billion, with help from two Asian financial partners, in the face of a rival bid led by the Royal Bank of Scotland PLC, the British bank said Monday.

Barclays’ new offer comprises $58.9 billion in stock and $34.2 billion in cash. The offer by the RBS-led consortium valued the Netherlands’ biggest bank at $97.8 billion.

Very cool, I wonder if this will result in a change in the offer from the RBS consortium?




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One Comment

  1. ST2 says:
    July 25, 2007 at 10:47

    Looks like at some point in time there could be some very happy shareholders ;)

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