(Reuters) - A Dutch commercial court froze the $21 billion sale of Chicago-based LaSalle to Bank of America in May pending a shareholders' vote, but ABN and others appealed against the 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 shareholders' approval based on article 2:8 of the Dutch civil code.
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"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 shareholders' approval based on article 2:8 of the Dutch civil code.
Read more at Reuters.com Business News
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