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.”

The deal is set to continue and ABN Amro still seems to support the Barclays deal.

Related posts:

  1. Data Domain are pleased with NetApp’s offer Data Domain SANTA CLARA, Calif. — June 15, 2009 —...
  2. NETGEAR to offer SMB’s affordable NAS storage PR Newswire NETGEAR’s ReadyNAS 3200 Offers 24TB Capacity of Simplified...
  3. IBM continues to deliver IT to finance customer Finextra Canada’s National Bank Financial Group has agreed a seven...
  4. Dell and Juniper to offer networking solutions http://content.dell.com/uk/en/corp/d/press-releases/2009-10-27-dell-juniper-collaborate-next-gen-networking.aspx Dell and Juniper Networks, Inc. (NASDAQ: JNPR) today announced...
  5. Fujitsu to offer cloud computing platform JCN Network Tokyo, Apr 27, 2009 – (JCN Newswire) –...

Related posts brought to you by Yet Another Related Posts Plugin.

Bookmark and Share

Leave a Reply