Tuesday, July 17, 2007

ABN board member bought shares before TCI letter

(Reuters) - The purchases came before British hedge fund TCI sent a letter to ABN's management on February 20, calling on the bank to consider a breakup.




But Scaroni told Reuters on Tuesday he declared his stake as soon as he learned his own investment vehicle had bought the shares automatically based on their dividend yield.


Read more at Reuters.com Business News

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