ABN, ING merger talks broke down on price-report

(Reuters) - ING said in April that it looked at buying ABN in November
and had hired advisors, but decided not to pursue a merger with
its Dutch rival. At the time ABN's shares traded at around 23
euros.




In an interview with Dutch magazine Forum, ABN CEO Rijkman
Groenink said that ABN's share price had risen about 20 percent
during talks with ING, while ING's shares declined 10 percent,
making a merger less attractive.


Read more at Reuters.com Mergers News