ABN seems to lean in favor of RBS bid: Dutch bank terms offer "superior" to Barclays'; transition is studied

Article Abstract:

The supervisory and management boards of ABN Amro Holding N.V. made no recommendations regarding the takeover offers of UK bank Barclays PLC or the consortium led by the Royal Bank of Scotland PLC, but stated that the consortium's offer was "financially superior." The consortium's bid is valued at 71 bil euro, while Barclay's is valued at 59.5 bil. If the consortium is successful, the deal would be the largest ever in the banking sector.

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Fortis holders back ABN Amro bid

Article Abstract:

Fortis N.V. shareholders voted to approve a plan to purchase Dutch bank ABN AMRO Holding N.V., and also supported a $17.92 bil rights issue in order to fund the plan. Fortis is a member of the consortium headed by Royal Bank of Scotland PLC competing for ABN against UK bank Barclays PLC.

Fortis N.V.

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