The Consortium, one of the bidders, had offered to buy out all of ABN AMROS’s outstanding shares, whereas the offer from Barclay’s was made a few months ago which will be announced in public today.
ABN AMRO will discuss with its shareholder, offers made to it by Consortium of RBS, Santander and Fortis banks and the Barclay’s Bank, for its take over, at its ‘The September 20 Extraordinary General Meeting’. Last week however, both the managing board and supervisory board of ABN felt they were in no position to recommend either offer.
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