A consortium led by the Royal Bank of Scotland PLC (RBS) announced on Wednesday that it has been successful in its bid for the Dutch bank, ABN Amro.
The bid, which has reportedly been offered at $99.6 billion, is thought to be the largest in the history of the financial industry, and has taken over seven months to complete. According to RBS, shareholders representing around 86% of ABN Amro shares have accepted its offer, and its conditions for the takeover have been met.
Last week, a step towards victory came as Barclays withdrew their $61 billion offer.
The offer has now been declared "wholly unconditional".
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment