(Reuters) - The offer by RBS and its partners Santander and Fortis was not superior to Bank of America's deal to buy LaSalle for $21 billion, ABN said in a statement on Monday because it was conditional on the consortium acquiring all of the ABN group and carried execution risks.
The consortium has proposed a 72.35 billion-euro offer at 39 euros per share, including a 0.60 euro dividend, for all of ABN, but the Netherlands' biggest bank said the consortium's financing, as well as various regulatory, tax and legal issues carried "uncertainty and execution risks".
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