Monday, July 16, 2007

Next Barclays move in ABN battle worries investors

(Reuters) - A consortium of rival bidders led by Royal Bank of Scotland on Monday sweetened its already higher offer for ABN -- raising the cash portion to over 90 percent -- and investors and analysts said there were growing fears over Barclays' next step.




Barclays' current all-share bid, which has been recommended by ABN's board, is worth 65 billion euros , or around 35 euros a share, which is 10 percent lower than the RBS-led bid at 38.4 euros per share.


Read more at Reuters.com Mergers News

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