Monday, July 16, 2007

CORRECTED - RBS-led consortium makes 38.4 euro/shr ABN offer

(Reuters) - The consortium kept its offer for ABN at 38.4 euros per
share, but raised the cash component of the offer to 93 percent
from about 79 percent before. It said the remaining 5 billion
euros of the offer will comprise new RBS shares.




The new offer from the consortium, which also includes
Spain's Santander and Belgian-Dutch Fortis , is
for ABN without its U.S. unit LaSalle, after a Dutch court on
Friday allowed the disputed sale of that business to Bank of
America .


Read more at Reuters.com Market News

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