Dutch Court Approves ABN's LaSalle sale

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	Dutch Court Approves ABN's LaSalle sale

Forbes

7-13-2007 5:22 AM

373 views

tags:

m&a, banking, abn ambro, barclays bank, rbs

Forbes says:

The ruling is a plus for Barclay's $85 billion bid for the Dutch Bank but a blow to the rival bid from a consortium led by Royal Bank of Scotland which does not want ABN's U.S. bank, LaSalle, sold off.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e770ee1c-eb7d-49a9-8a24-8771a994d407/5DA3E86B-7C2D-4142-90F0-E62DB23A1949/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.bbc.co.uk/2/hi/business/6896929.stm" href="http://news.bbc.co.uk/2/hi/business/6896929.stm" style="font-size: 11px;">news.bbc.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.bbc.co.uk/2/hi/business/6896929.stm"><FONT size="2"><B>The Dutch Supreme Court says ABN Amro's $21bn (£11.5bn) sale of its LaSalle unit to Bank of America was lawful.</B>
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<FONT size="2">Some shareholders had tried to have the sale stopped on the grounds that ABN had not sought their approval first.
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<FONT size="2">The ruling is good news for Barclays Bank, which made an offer for ABN dependent on LaSalle being sold.</FONT></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5DA3E86B-7C2D-4142-90F0-E62DB23A1949/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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