Monday, July 30, 2007

ABN withdraws backing for Barclays bid, profit dips

(Reuters) - The Netherlands' biggest bank, which faces a 65.6 billion-euro offer from Barclays and a 71 billion-euro offer from the consortium of RBS, Belgium's Fortis and Spain's Santander , also reported a 7.1 percent decline in its second-quarter net profit on Monday.




ABN originally backed Barclays when announcing their merger deal in April.


Read more at Reuters.com Business News

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