It looks like the ABN-Amro management want to avoid law suits, given that they put into play La Salle Bank in order to derail the consortium bid. Attempt that didn´t work.
Onésimo Alvarez-Moro
See article:
ABN Amro is encouraging a Royal Bank of Scotland-led consortium and Bank of America to resolve their dispute over the ownership of its US subsidiary in an effort to end the legal confusion surrounding the takeover battle for the Dutch lender.
The RBS consortium last week held discussions with BofA on a deal that would see them carve up ABN Amro’s US division, LaSalle.
Though the talks broke down, ABN Amro is keen for the discussions to resume because it sees a deal as the best way of avoiding an extended legal fight.
See full Article (paid subscription required).
Posts
