Barclays launches formal bid to acquire ABN Amro

06 Aug 2007

1

Barclays Plc, which has been facing a competing bid from a Royal Bank of Scotland-led three-bank consortium, has formally launched its €65-billion ($89 billion) takeover bid for Dutch bank ABN Amro.

ABN Amro, which had earlier backed Barclays bid, has now decided not to back either bid in order to ensure "a level playing field" between the bidders.

Under Barclay''s enhanced cash and share offer, ABN shareholders will receive €13.15 in cash and 2.13 new Barclays shares for each ABN share. ABN shareholders will have from 7 August till 4 October to indicate their approval to the Barclays offer.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more