Monday, July 16, 2007

RBS-Fortis-trio raises bid for ABN Amro to 71,1 billion euro with 93 % in cash

See the article here where it is described that the Fortis trio will keep its bid at 38,40 euro per share, even when there's no more LaSalle. Analists generally appreciate the offer, the share price for ABN AMRO now rises. Yet there is the condition that ABN AMRO should not sell any more assets.

Of course ABN AMRO is now studying the offer. Which contains the condition that ABN AMRO should not liquidate any further major assets. But ABN AMRO may still also decide to sell Banco Real (no share-votes required, as we now know), thus making themselves unattractive to Banco Santander as well....

To be continued...