Bank of Scotland adds cash to bid
Article Abstract:
Bank of Scotland PLC is adding a guaranteed cash sum to its offer to acquire National Westminster Bank PLC (NatWest). The move comes as Royal Bank of Scotland plans to increase its bid for NatWest by 75 pence to 90 pence (1.23 euros to 1.47 euros) per share.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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Dresdner Bank continues to look into acquisitions
Article Abstract:
Dresdner Bank AG is continuing its search for a major European or US acquisition. However, company chairman Bernhard Walter said that Dresdner will not be pressured to making such a transaction. Dresdner is the second-largest bank in Germany. Mr. Walter told bank shareholders that German bank mergers are unlikely to occur in the short-term. Mr. Walter said Dresdner is seeking acquisitions in other parts of Europe in order to increase its regional coverage and market share.
Comment:
Continuing search for major European or US acquisition
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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NatWest considers restructuring plan
Article Abstract:
National Westminster Bank PLC (NatWest) is studying the possibility of a restructuring strategy. The plan could entail the selling off of key assets in order to defend NatWest against a possible takeover by the Bank of Scotland PLC. NatWest is one of the largest clearing banks in Great Britain. A sale of assets is just one of the alternatives that NatWest can consider as it attempts to increase its share value and persuade shareholders to keep itself independent.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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