Wednesday, April 25, 2007

RBS group unveils $98 bln rival ABN AMRO bid plan

(Reuters) - The RBS group, which also includes Spain's Santander and Dutch-Belgian bank Fortis, said on Wednesday it planned to offer 39 euros a share for ABN AMRO, made up of 70 percent in cash and 30 percent in RBS shares.

The group said this was 13 percent higher than the value of the Barclays all-share offer at Tuesday's close, and included ABN AMRO's final dividend for 2006 of 60 euros cents a share.


Read more at Reuters.com Business News

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