RBoS consortium puts indicative offer for ABN at 39 eur per share |
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Published
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Wed, 25 Apr 2007 08:04
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LONDON (Thomson Financial) - Royal Bank of Scotland Group PLC and its consortium partners Banco Santander Central Hispano and Fortis NV said they have made an indicative offer for ABN-Amro Holdings NV at 39 eur per share, some 13 pct higher than the value of the recommended Barclays PLC offer as of the market close yesterday.The offer would comprise 70 pct cash and 30 pct in RBoS shares.The consortium said making its offer firm depends on it gaining limited due diligence and ABN taking steps to ensure that LaSalle Bank remains within the ABN AMRO group.RBoS cancelled a meeting with ABN on Monday after ABN said it was proposing to sell LaSalle Bank to Bank of America Corp for 21 bln usd.The consortium has now agreed to meet with ABN Amro to discuss its proposals.tf.TFN-Europe_newsdesk@thomson.comslmCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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