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’RBS to revise ABN offer ‘if needed’
A consortium led by Royal Bank of Scotland will revise its takeover offer for ABN Amro and try to buy it without ABN’s US unit if a Dutch court allows a sale of the US arm to go ahead, reports Reuters,
Regulator puts ABN bid rivals on equal footing
The rival bidders for ABN Amro are set to launch their offers for the Dutch bank before July 23 after regulators on Thursday granted the Royal Bank of Scotland-led consortium 2½ more weeks in which to prepare its formal offer.
RBS looks at options for ABN Amro bid
The Royal Bank of Scotland-led consortium vying for control of ABN Amro may proceed with its break-up bid for the Dutch bank, even if it cannot stop the sale of LaSalle, ABN’s US subsidiary, people close to the consortium said.
RBS – ‘Maybe we don’t need LaSalle after all’
Another twist in the ABN Amro takeover. And this time it’s RBS et al on the back foot – or at least in something of a corner.
The Dutch legal system has flung open the fight to buy the bank with the opinion from attorney-general to the Dutch Supreme Court,
Weekend catch-up
In case you missed it…
- Blackstone shares surge on NY market debut
Blackstone shares on Friday jumped 13 per cent on their first day of trading in a performance that could encourage archrival KKR to follow suit within weeks.
RBS not ‘actively pursuing’ BofA over LaSalle
Sir Fred Goodwin, chief executive of Royal Bank of Scotland, said he was not “actively pursuing” Bank of America in an attempt to restart stalled negotiations over the future of LaSalle, the US subsidiary of ABN Amro.
ABN seeks deal over LaSalle sale
ABN Amro is urging a Royal Bank of Scotland-led consortium and Bank of America to resolve their dispute over the ownership of ABN’s US subsidiary, in an effort to end legal confusion surrounding the takeover battle for the Dutch lender.
RBS seeks pact on ABN’s LaSalle unit
Royal Bank of Scotland’s behind-the-scenes efforts to reach a pact with Bank of America over who might own all or part of LaSalle Bank of Chicago may yet lead to a settlement, reports the Wall Street Journal.
ABN chief says he will not step down
The embattled chief executive of Dutch bank ABN Amro, Rijkman Groenink, told Dutch RTL television on Wednesday he would not succumb to pressure to resign, reports Reuters. ABN is the target of a proposed $97bn bid by a trio of banks led by Royal Bank of Scotland,
RBS goes for full disclosure
The gloves are off…..again. The battle for ABN Amro always looked as thought it was going to get messy – particularly after ABN’s management and supervisory boards decided not to accept a $24.5bn offer for the bank’s US division,
ABN Amro: court confirms hedge funds’ right to bite
Well, it’s a victory for shareholder activism and a strengthening of shareholder rights over management. But news from Amsterdam on Thursday afternoon that ABN Amro’s $21bn sale of LaSalle to Bank of America has been frozen,
Right said Fred – enough messing around
Right said Fred, climbing up a ladder, with his crowbar gave a mighty blow.
Just two days ago Sir Fred “The Shred” Goodwin was all smiles and philosophy regarding the RBS-led consortium bid for ABN Amro.