Barclays' play for ABN near tipping point: if stock price tops 35 euro, talks could collapse; a three-bank consortium enters the picture

Article Abstract:

Banco Santander Central Hispano SA, Fortis NV, and Royal Bank of Scotland Group PLC are seeking talks with ABN AMRO Holding NV about a potential bid for the company, even as ABN's stock price reaches 35 euro, approximately $47.36. If shares continue to climb, it may force Barclays PLC to withdraw its bid.

Strategy & planning, Planning, Spain, Royal Bank of Scotland PLC, Fortis N.V., Company business planning, Banco Santander Central Hispano S.A.

---

Barclays move recasts roles in bank sector: ABN Amro deal talk spurs new strategies; rival bids may emerge

Article Abstract:

British bank Barclays PLC is hoping to acquire Dutch bank ABN AMRO Holding N.V., for over $80 billion. If successful, it would be the largest bank acquisition to date. Improved technology has made such global bank combinations more feasible in the past few years.

---

Barclays to sell its stake in FirstCaribbean Bank

Article Abstract:

Barclays PLC of the United Kingdom is to divest its 43.7 percent stake in First Caribbean International Bank for $1.08 billion. The stake is being sold to the other partner in the bank, Canadian Imperial Bank of Commerce. Share price offer is $1.62.

United Kingdom, FirstCaribbean International Bank

Similar abstracts:

• Abstracts: Causeway for concern. Contract clauses could threaten Dome plans. Wave of discontent over Turner
• Abstracts: Early sales of new Xbox are sluggish in Japan. Microsoft, Sony hit console sales targets. Research in Motion revamps BlackBerry for businesses
• Abstracts: China buzz complicates BHP's Rio bid: competing Chinese offer is considered unlikely, but talk could be costly
• Abstracts: GM's Wagoner takes control of ailing North American unit. GMAC reaps $8.8 billion from real-estate unit sale and large loan repayment
• Abstracts: Diamond group widens probe of bribe charges. President resigns from Gem Institute in scandal fallout

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.