ABN bidding goes down to wire: RBS revises conditions on late $99 billion offer in effort to trump Barclays

Article Abstract:

ABN AMRO Holding N.V. is considering two takeover bids, one by Barclays PLC worth $88.72 bil in stock, and one by a consortium led by Royal Bank of Scotland PLC for $99 bil. In a side deal, ABN had initially agreed with Barclays to sell its American unit, LaSalle, to Bank of America Corp. for $21 bil; however, the consortium has offered $24.5 bil for LaSalle.

Commercial Banks, Strategy & planning, United Kingdom, Banking industry, Planning, Netherlands, Royal Bank of Scotland PLC, Barclays PLC, ABN AMRO Holding N.V., Company business planning, Bank of America Corp., BAC, ABN

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Home Depot to buy Hughes Supply for $3.19 billion

Article Abstract:

In an effort to boost its commercial supply business, The Home Depot Inc. has purchased Hughes Supply Inc., one of the biggest distributors of building materials in the United States. The acquisition, the largest ever for Home Depot, is expected to help the home supply store chain stem declining sales.

United States, ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Building Materials, Retail, Building Material and Supplies Dealers, Management dynamics, STONE, CLAY, AND GLASS PRODUCTS, BUILDING MATERIALS & GARDEN SUPPLIES, Building Center Stores, Management, Electrical equipment and supplies industry, Electric equipment industry, Building materials industry, Home center stores, The Home Depot Inc., Hughes Supply Inc., HD, HUG, Company business management, Industrial suppliers

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