Thursday, April 26, 2007

Barclays says ABN bid "stark contrast" with rivals

(Reuters) - LONDON, April 26 - Barclays Plc told shareholders on Thursday that its agreed takeover of ABN AMRO stood in "stark contrast" with a break-up approach from rival suitors, adding the Dutch bank's preference was clear.

Speaking at the bank's annual shareholder meeting, Chief Executive John Varley said Barclays' bid for ABN -- an offer worth $88 billion at current prices -- would help it realise growth ambitions, but said size was not a driving motivation.


Read more at Reuters.com Bonds News

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