Sunday, April 22, 2007

ABN to hear other bids but recommends Barclays deal

(Reuters) - Rijkman Groenink, ABN's top executive, said the board would hear other offers in line with its fiduciary duties, but said a merger with Barclays was the "best option" for shareholders.

The Royal Bank of Scotland Plc , Belgian-Dutch group Fortis and Spain's Santander have been preparing a counter takeover proposal for ABN and had been scheduled to meet with ABN's top management on Monday. Groenink said he still planned to meet with the three banks.


Read more at Reuters.com Mergers News

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