Barclays Withdraws ABN Amro Takeover

advertisement

AMSTERDAM — British bank Barclays PLC withdrew its takeover offer for ABN Amro Holding NV on Friday, saying not enough shareholders tendered their shares.

The concession, which had been widely expected, leaves a consortium led by Royal Bank of Scotland PLC in position to buy ABN Amro in a deal worth $99.9 billion, the largest takeover in the history of the financial industry.

  • 1 Vote
  • Enjoy this article? Help vote it up the 'Vine.

Back To Top

Published to:

What's this?
Who's leading the conversation?
This visualization below allows you to see the impact that each user has on the current conversation. The top row contains the group of users who have had the most impact, the 2nd row the group of users who have had the 2nd most impact (et cetera). Users with similar impact are grouped together, and the average score of the group is shown to the left of the group. The author of the article is also shown on the left, in their corresponding group. Each user's score is based on the number of comments the user has made plus the number of votes their comments have received. The scores are calculated relative one another, so while their absolute value is not particularly important, their relative difference does indicate a larger difference in impact on the conversation.
0.5
{"commentId":1076912,"authorDomain":"jwiggington"}

I've a had a feeling that ABN would go with RBS for a few months now. The corporate ties between ABN and RBS just seemed too strong and gave RBS an added advantage over Barclays' offer. Research from NewsVisual seems to back this up.

{"commentId":1076912,"threadId":"158423","contentId":"1004997","authorDomain":"jwiggington"}
    Reply#1 - Fri Oct 5, 2007 7:41 PM EDT
    {"canLink":false,"threadId":"158423","isPrivate":false}
    Leave a Comment:
    You're in Easy Mode. If you prefer, you can use XHTML Mode instead.
    As a new user, you may notice a few temporary content restrictions. Click here for more info.
    {"threadId":"158423","contentId":"1004997"}
    Start TrackingStart Tracking
    Stop TrackingStop Tracking