ABN still supports the Barclays offer
July 31st, 2007 • Related • Filed Under
http://www.ft.com/cms/s/805c139c-3ee3-11dc-bfcf-0000779fd2ac.html
ABN Amro on Monday indicated its continued support for a take-over bid by Barclays, even after the Dutch bank formally withdrew its recommendation for the agreed deal.
Rijkman Groenink, chief executive, said it would have “looked a bit silly†for the bank to continue recommending Barclays’ bid, which is currently worth about €34.60 a share – substantially below a €38.10-a-share break-up bid from a consortium led by Royal Bank of Scotland.
However, he said: “We continue to support the Barclays bid, but we will engage with both parties.â€
The deal is set to continue and ABN Amro still seems to support the Barclays deal.
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