Monday, April 23, 2007

Corrected: Barclays agrees $91 bln ABN buy

(Reuters) - LONDON/AMSTERDAM - British bank Barclays Plc has agreed to buy Dutch rival ABN AMRO for about 67 billion euros in shares as it attempts to fight off rivals to clinch the world's biggest bank takeover.

Barclays said on Monday it would pay 3.225 new shares for each ABN share, equivalent to 36.25 euros a share at Friday's closing price, to create the world's fifth biggest bank with a market value of over $190 billion and 47 million customers across the globe.


Read more at Reuters.com Business News

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