RBS prepares new ABN offer: roughly $98 billion bid to be almost all cash; Barclays weighs move

Article Abstract:

Royal Bank of Scotland PLC and its partners, Dutch-Belgian firm Fortis N.V. and Spain's Banco Santander Central Hispano S.A., plan to offer a new bid for Netherlands bank ABN AMRO Holding N.V. The bid is expected to be a nearly all-cash offer valued at $98.03 bil. The group bay withhold about one euro per share to cover the legal costs involved in ABN's selling of its US LaSalle bank unit.

Commercial Banks, Acquisitions & mergers, United Kingdom, Banking industry, Netherlands, Mergers, acquisitions and divestments, Company acquisition/merger, Spain, Royal Bank of Scotland PLC, Barclays PLC, ABN AMRO Holding N.V., Fortis N.V., Banco Santander Central Hispano S.A., ABN

---

Sumitomo is set to detail plans for an alliance with Goldman

Article Abstract:

Sumitomo Mitsui Financial Group will announce plans to form a subsidiary with Goldman Sachs Group Inc. The plan is an effort by Sumitomo to deal with some of its bad loans.

United States, Alliances, partnerships, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Security and Commodity Services, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Securities industry, Alliances and partnerships, The Goldman Sachs Group Inc., Subsidiaries, divisions and units, Sumitomo Mitsui Financial Group Inc.

---

Sumitomo and Mitsui Chemicals cancel first 'western' merger

Article Abstract:

Sumitomo Chemical Co. planned merger with Mitsui Chemicals Inc. has been terminated. Both companies could not reach an agreement on a ratio to exchange their stocks.

Chemical industry, Sumitomo Chemical Company Ltd., Mitsui Chemical Co.

Similar abstracts:

• Abstracts: Nice problem: how will Google use $2 billion. SAP's 3rd-period sales set to beat forecasts. Cap Gemini posts full-year loss, cites weak sales
• Abstracts: Pechiney SA. Alcan offers 3.4 billion euros to take over Pechiney. Corus to take its Dutch board to appeals court
• Abstracts: Paper trail exposes missile merchants. Bracing to beat a missile strike, while spending less. Dangerous bedfellows
• Abstracts: How airlines resisted change for 25 years, and finally lost after deregulation: carriers failed to cut labor costs; Internet helps upstarts; US Airways' turbulent ride
• Abstracts: Converium will ask shareholders to fund $240 million in capital. RSA hopes IPO raises 1.17 billion euros

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.