Sunday, July 15, 2007

RBS-led group lifts cash part of $98 bln ABN bid

(Reuters) - LONDON/AMSTERDAM, July 16 - A consortium led by Royal Bank of Scotland on Monday kept its offer to buy Dutch bank ABM AMRO at 71.1 billion euros but raised the amount of cash it is offering after having to exclude ABN's U.S. arm from the purchase.



The offer is above a rival bid from Britain's Barclays that is worth about 64 billion euros , which has been recommended by ABN's board.


Read more at Reuters.com Market News

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