THE HAGUE, Netherlands AP _ ABN Amro's sale of its U.S. arm LaSalle Bank to Bank of America was lawful, the Dutch SupremeCourt ruled Friday _ overturning a lower court's move blocking the proposed $21 billion sale.It was not immediately clear how the ruling would affect the broader fight between Barclays PLC and a consortium led by Royal Bank of Scotland PLC over competing bids for all of ABN Amro Holding NV.
July 13, 2007 at 12:00 AM
1 minute read
THE HAGUE, Netherlands AP _ ABN Amro’s sale of its U.S. arm LaSalle Bank to Bank of America was lawful, the Dutch SupremeCourt ruled Friday _ overturning a lower court’s move blocking the proposed $21 billion sale.
It was not immediately clear how the ruling would affect the broader fight between Barclays PLC and a consortium led by Royal Bank of Scotland PLC over competing bids for all of ABN Amro Holding NV.
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