Abn-amro - Latest Popular Stories, Instablogs Community

Shares slide weaken Barclays' bid for ABN Amro

Rahul Bhandari — Tue, 09 Sep 2008 08:25:15 +0000

Barclays’ chances for the ABN Amro seem to dwindle after slump in the UK firm’s share price wiping billions off its bid. Volatility in the market, due to the subprime crises sent Barclays’ shares down about 16% since it proposed...

RBS's Amro bid suffering from market woes

Rahul Bhandari — Mon, 20 Aug 2007 06:10:23 +0000

The ongoing credit crunch, generated by the US subprime mishmash can trigger upheaval for the Royal Bank of Scotland-led consortium to finance the $95.51bn offer to ABN Amro. Due to lack of liquidity in the market, hedge funds are believed to...

RBS investors approve bid for ABN Amro

Rahul Bhandari — Sat, 11 Aug 2007 05:42:16 +0000

RBS-led consortium is climbing step-by-step to ABN Amro. Shareholders in RBS voted overwhelmingly in favor of $97.2bn bid for Amro as 94.5% of RBS shareholders support the deal at an extraordinary meeting in Edinburgh. RBS shareholders...

Fortis shareholders to decide Amro's future

Rahul Bhandari — Mon, 06 Aug 2007 06:48:49 +0000

Bidding war for ABN Amro is not ending even after posting a higher bid. Mishmash, in and outside the Dutch bank, is adding worries to RBS-led consortium and Barclays. RBS-led consortiums’ vow to acquire ABN Amro will shape today as...

RBS earned $10.4bn half-year profit

Rahul Bhandari — Sat, 04 Aug 2007 08:11:27 +0000

Royal Bank of Scotland (RBS) has secured $10.4bn (£5.1bn) profit for opening six months of the year. Bank’s operating pre-tax profit, is up 11%, of which $2.04bn (£1bn) is alone coming from its High Street outlets. RBS total...

ABN withdraws support from Barclays

Rahul Bhandari — Mon, 30 Jul 2007 11:36:29 +0000

Finally, ABN AMRO bows to RBS-led consortium’s competitive bid and decided against recommending RBS and Barclays to shareholders. Earlier, ABN Amro was formally backing Barclays’ €67.5 billion ($92.07bn) takeover bid, but RBS-led...

Barclays to sell stake for buying ABN Amro

Rahul Bhandari — Mon, 23 Jul 2007 05:35:19 +0000

To win the contentious takeover battle for ABN Amro, Barclays is close to an agreement to sell a large stake to Chinese and Singaporean governments, which will raise cash around $20.56 billion (’10bn) to finance its takeover of the Dutch bank...

Qatar seeks to buy Sainsbury

Rahul Bhandari — Thu, 19 Jul 2007 11:33:09 +0000

The Qatar investment fund has offered a 600p-a-share for J Sainsbury, valuing the retailer at almost $24.61billion (£12bn), including debt. This is second bid for the British supermarket chain this year. Delta two Ltd., which owns 25...

Court favors ABN Amro, RBS-consortium to bid again

Rahul Bhandari — Sat, 14 Jul 2007 06:11:23 +0000

Finally the acquisition for ABN Amro is making way as deal’s moot point has been cleared by the Dutch Supreme Court. The Dutch Supreme Court has cleared a hurdle to ABN to sell its American arm LaSalle Bank to Bank of America as it logjam...

Barclays seems closer to ABN AMRO

Rahul Bhandari — Thu, 05 Jul 2007 08:26:12 +0000

The battle for the ABN AMRO finds no end, as suitors one after the other come in fray and are forced to contemplate as to who the banking giants would merge with. Initially, RBS-led consortium was seemed the frontrunner, but later...