The board of Dutch bank ABN Amro said it would not take sides in competing bids to acquire the bank. The board noted that the bid from Britain’s Barclays is a better fit for ABN, but that the $97 billion bid by Royal Bank of Scotland and two other banks, while riskier, “is clearly superior for the ABN Amro shareholders from a financial point of view.” (AP in BusinessWeek.com)
The Bottom Line
September 17, 2007
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