(Bloomberg) -- Barclays Plc Chief Executive Officer John Varley set out about a month ago to pull off the world's biggest bank takeover. Now Britain's third-largest lender may find itself on the defensive.
While Varley may still win ABN Amro Holding NV, his prospects dimmed April 13 when Royal Bank of Scotland Group Plc said it may team with two partners to make a rival bid. The talks had lifted the market value of ABN Amro, the biggest Dutch bank, more than 20 percent in the past month to 64 billion euros ($88 billion). ABN Amro shares surged 5.5 percent to 35.51 euros today in Amsterdam as of 11:45 a.m.
Read more at Bloomberg Exclusive News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment