Monday, August 6, 2007

ABN, Barclays up as Fortis investors back ABN deal

(Reuters) - Shares in ABN were up 1.7 percent at 35.61 euros after the pivotal Fortis shareholder vote. In the first of two votes due on Monday, 94 percent of Fortis shareholders who voted were for its proposed rights issue, well above the 75 percent needed. Click on .




Barclays shares rose 1.4 percent. Shares in Fortis were down 1.7 percent and RBS and Santander shares were down 0.8 percent. Shares in the winning bank or banks are expected to come under pressure in the short term from concerns about the high price of the deal and execution risk.


Read more at Reuters.com Hot Stocks News

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