Sunday, July 15, 2007

RBS-led consortium makes 38.4 euro/shr ABN offer

(Reuters) - The consortium kept its offer for ABN at 38.4 euros per share, but raised the cash component of the offer to 93 percent from about 70 percent before. It said the remaining 5 billion euros of the offer will comprise new RBS shares.



The new offer from the consortium, which also includes Spain's Santander and Belgian-Dutch Fortis , is for ABN without its U.S. unit LaSalle, after a Dutch court on Friday allowed the disputed sale of that business to Bank of America .


Read more at Reuters.com Mergers News

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