A consortium led by Royal Bank of Scotland won the battle for ABN Amro Holding on Monday, as the largest takeover ever in the financial industry -- $99.6 billion -- came closer to completion. The RBS consortium said 86 percent of shares in the Dutch bank had been tendered under terms of its bid, which was enough to meet the consortium's requirement that it be offered at least 80 percent of the company's shares. The consortium's offer was unopposed after Barclays PLC withdrew its rival bid on Friday.
October 09, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A consortium led by Royal Bank of Scotland PLC won the battle for ABN Amro Holding NV on Monday, as the largest takeover ever in the financial industry — $99.6 billion — came closer to completion.
The RBS consortium said 86 percent of shares in the Dutch bank had been tendered under terms of its bid.
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