(Bloomberg) -- Bank of America Corp. agreed to buy ABN Amro Holding NV's LaSalle unit for about $21 billion, making it the largest bank in Chicago and filling one of the few remaining holes in the nation's most extensive branch network, a person with direct knowledge of the situation said.
ABN Amro, the biggest Dutch bank, has been in exclusive talks to be acquired by Britain's Barclays Plc, and the Wall Street Journal reported that a deal may be announced as early as today. Selling LaSalle would reduce the purchase price for London-based Barclays and increase the unit's value by putting it in the hands of a determined buyer.
Read more at Bloomberg Bonds News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment