Sunday, April 22, 2007

UPDATE 5-Barclays deal for ABN-AMRO looms, BoA to buy LaSalle

(Reuters) - LONDON/NEW YORK, April 22 - Britain's Barclays Plc is expected to unveil a deal to take over Dutch bank ABN AMRO on Monday, including plans to sell ABN's U.S. retail bank LaSalle to Bank of America , sources familiar with the situation said.

Analysts have said LaSalle could be worth between $18 billion and $23 billion, and the Wall Street Journal reported on Sunday that Bank of America would pay around $21 billion for LaSalle.


Read more at Reuters.com Mergers News

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