Friday, May 4, 2007

ABN says working with RBS, talks continue

(Reuters) - The proposed $88 billion merger was thrown into doubt on Thursday when a Dutch court told the bank to freeze its $21 billion sale of U.S. unit LaSalle to Bank of America, making it easier for RBS and two partners to bid for the whole of the Netherlands' biggest bank.

The consortium of RBS, Santander and Fortis has indicated readiness to pay as much as 72 billion euros , and sources familiar with the matter said the RBS-led group was still trying to secure agreement from ABN.


Read more at Reuters.com Business News

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