(Reuters) - A Dutch commercial court froze the $21 billion sale of
Chicago-based LaSalle to Bank of America in May, a side
deal to ABN's agreement to be bought by Britain's Barclays
, but ABN and others appealed the court's decision.
"The Advocate General advises the Supreme Court to quash the
Commercial Court's ruling," Timmerman said in a statement,
adding that the LaSalle transaction does not need approval of
shareholders based on article 2:8 of the Dutch civil code.
Read more at Reuters.com Mergers News
Chicago-based LaSalle to Bank of America in May, a side
deal to ABN's agreement to be bought by Britain's Barclays
, but ABN and others appealed the court's decision.
"The Advocate General advises the Supreme Court to quash the
Commercial Court's ruling," Timmerman said in a statement,
adding that the LaSalle transaction does not need approval of
shareholders based on article 2:8 of the Dutch civil code.
Read more at Reuters.com Mergers News
No comments:
Post a Comment