Saturday, May 5, 2007

Bank of America sues ABN,deepens takeover turmoil

(Reuters) - Bank of America sued ABN AMRO on Friday, seeking damages and a court injunction to block the sale of ABN's U.S. unit, LaSalle Bank, to a rival bidder, further complicating the fight for control of the Dutch bank.

ABN, which has agreed to be taken over by Britain's Barclays, was in talks late on Friday with a group of rival suitors led by Royal Bank of Scotland about their proposed offer, sources familiar with the matter said.


Read more at Reuters Africa

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