Fortis opens shareholder meeting on ABN buy

(Reuters) - Fortis is seeking approval for its proposed involvement and
for a 13 billion euro rights issue to help finance the deal.
Analysts have said they expect Fortis to win backing for both.




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Fortis has other options to fund ABN deal -report

(Reuters) - If Fortis shareholders do not approve the issue of shares,
Fortis could place shares with a friendly investor or sell some
businesses, Dutch daily Het Financieele Dagblad reported, citing
sources familiar with the bank.




A Fortis spokeswoman said the company would focus on
getting shareholder approval, but declined further comment.


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Shareholders to rule on Fortis's ABN purchase plan

(Reuters) - The Fortis shareholder meeting is the latest hurdle for the
consortium, albeit one Fortis is expected to clear.




Fortis shares have fallen almost 18 percent since it
announced its involvement and a plan to finance its 24 billion
euro share of the deal with Europe's second largest ever rights
issue.


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ABN, RBS consortium say to continue takeover talks

(Reuters) - "ABN AMRO and the consortium have agreed to continue the constructive dialogue to resolve any outstanding questions regarding the offer of the consortium for ABN AMRO, and to maintain a level playing field," ABN and the RBS-led consortium said in a joint statement.




RBS , together with its partners Belgian-Dutch Fortis and Spain's Santander , is battling against Barclays to buy ABN in what would be the biggest ever bank takeover. Barclays' offer is worth about 65 billion euros.


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ABN AMRO reports Q2, says is neutral on bids

(Reuters) - ABN said it was currently not in the position to recommend the offers from Barclays or the RBS-led consortium, which also includes Belgian-Dutch Fortis and Spain's Santander.




ABN had a net profit of 1.13 billion euros in the second quarter, compared with 1.216 billion euros a year earlier and the 1 billion euros average forecast in a Reuters survey of five analysts.


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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 .


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