Wednesday, April 25, 2007

UPDATE 2-RBS group unveils $98 bln rival ABN AMRO bid plan

(Reuters) - LONDON/AMSTERDAM, April 25 - A trio of banks led by Royal Bank of Scotland has proposed a 72-billion-euro bid for ABN AMRO , threatening to thwart an agreed takeover of the Dutch bank by Britain's Barclays .

The RBS group, which also includes Spain's Santander and Dutch-Belgian bank Fortis , said on Wednesday it planned to offer 39 euros a share for ABN AMRO, made up of 70 percent in cash and 30 percent in RBS shares.


Read more at Reuters.com Mergers News

No comments: