Barclays may win by losing ABN as Royal Bank pays a high price
Article Abstract:
The authors believe that British bank Barclays PLC will be better off if it fails in its bid to acquire Dutch bank ABN AMRO Holding N.V., as the offer by the consortium led by Royal Bank of Scotland PLC is estimated to be almost 25 times the earnings for 2007, at $99.67 bil. With RBS overpaying, Barclays wins for playing conservatively, especially during the current credit market crisis.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Fortis's sale of stake frees funds for its ABN Amro bid
Article Abstract:
Belgian-Dutch financial firm Fortis N.V. will sell its 50% share in Spain's CaiFor to its joint venture partner La Caixa for $1.35 bil. Fortis also announced a reduction in its proposed rights issue for acquisition of ABN Amro Holding N.V. from 15 bil euro to 13 bil euro.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Art of the deal at Italian banks: lenders' mergers accumulate historic paintings, sculptures; can treasures be leveraged?
Article Abstract:
With the current trend in mergers for Italian banks, the banks' fine art collections are also being merged. The banks are trying to find creative ways of dealing with these collections, with some creating art museums.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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