Barclays' play for ABN near tipping point: if stock price tops 35 euro, talks could collapse; a three-bank consortium enters the picture
Article Abstract:
Banco Santander Central Hispano SA, Fortis NV, and Royal Bank of Scotland Group PLC are seeking talks with ABN AMRO Holding NV about a potential bid for the company, even as ABN's stock price reaches 35 euro, approximately $47.36. If shares continue to climb, it may force Barclays PLC to withdraw its bid.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Barclays move recasts roles in bank sector: ABN Amro deal talk spurs new strategies; rival bids may emerge
Article Abstract:
British bank Barclays PLC is hoping to acquire Dutch bank ABN AMRO Holding N.V., for over $80 billion. If successful, it would be the largest bank acquisition to date. Improved technology has made such global bank combinations more feasible in the past few years.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Barclays to sell its stake in FirstCaribbean Bank
Article Abstract:
Barclays PLC of the United Kingdom is to divest its 43.7 percent stake in First Caribbean International Bank for $1.08 billion. The stake is being sold to the other partner in the bank, Canadian Imperial Bank of Commerce. Share price offer is $1.62.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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