Dutch Supreme Court Allows ABN Amro to Sell LaSalle Bank


The ruling overturning a lower court's move blocking the sale, and now the $21billion sale is virtually certain to succeed.

But the larger fight between Barclays and a consortium led by Royal Bank of Scotland to buy A-B-N Amro Holding will likely continue.

Bank of America spokesman Frans van der Grint called the ruling "a complete victory for us and A-B-N Amro."

Barclays has proposed an all-share merger with A-B-N worth $86 billion.

The R-B-S consortium's mostly cash offer is worth $95.6 billion but was dependent on LaSalle remaining within A-B-N.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
23 WIFR 2523 North Meridian Road Rockford, IL. 61101 Business: 815-987-5300 Fax: 815-965-0981 News: 815-987-5330 Fax: 815-987-5333
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 8485787 - wifr.com/a?a=8485787
Gray Television, Inc.