Tuesday, June 12, 2007

UK's Barclays says ABN takeover process on track

(Reuters) - Barclays has come under pressure from some shareholders in recent days, with U.S. hedge fund Atticus Capital urging Barclays to drop the ABN bid and expressing concern it could get drawn into an "auction at inflated prices".




But Barclays Chief Executive John Varley reiterated on Tuesday that the ABN offer provided "significant and sustained value for shareholders".


Read more at Reuters.com Mergers News

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