Sterling

July 17, 2007 | Law.com

A trio of banks led by Royal Bank of Scotland said it would rebid $97.8 billion for ABN Amro Holding. Analysts say the proposed bid, which is mostly cash and would be worth at least 10 percent more than an all-share rival bid by Barclays, could end Barclays' chances of winning ABN. The RBS group offer is almost unchanged from an earlier proposed bid even though ABN Amro's sale of LaSalle Bank Corp. to Bank of America Corp. is now certain. That sale was widely seen as a poison pill for RBS.

By Toby Sterling

4 minute read

May 04, 2007 | Law.com

A Dutch court blocked ABN Amro's planned sale of Chicago's Lasalle Bank on Thursday, a ruling that makes it more likely a group led by Royal Bank of Scotland will capture ABN Amro in the industry's largest takeover battle. The court said ABN Amro must seek shareholder approval for the LaSalle sale. The ruling was a major setback for ABN Amro management, which had planned to sell LaSalle for $21 billion and then sell the rest of the company to Britain's Barclays for about $91 billion.

By Toby Sterling

6 minute read