Monday, April 23, 2007

Barclays to Buy ABN Amro for $91 Billion; Bank of America Acquires LaSalle

(Bloomberg) -- Barclays Plc, Britain's third- largest bank, agreed to buy ABN Amro Holding NV for 67 billion euros ($91 billion) in the world's biggest-ever financial- services takeover.

The offer amounts to 36.25 euros a share, and includes 3.225 Barclays shares for each of ABN Amro's, the banks said in a statement today. That's 33 percent more than ABN Amro's closing price on March 16, the last trading day before talks were announced. In a related deal, ABN Amro agreed to sell Chicago- based LaSalle Bank to Bank of America Corp.


Read more at Bloomberg Currencies News

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