Thursday, May 3, 2007

ABN Amro's Sale of LaSalle to Bank of America Is Blocked by Dutch Court

(Bloomberg) -- A Dutch court blocked ABN Amro Holding NV's $21 billion sale of LaSalle Bank to Bank of America Corp. because management failed to get shareholder approval for the deal.

``ABN Amro management has misjudged its task,'' said Judge Huub Willems of the Amsterdam district court's Enterprise Chamber in the ruling today, backing a complaint by the Dutch investor group VEB.


Read more at Bloomberg Currencies News

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