Rbs Opens Up the Cash Vault in Expensive Bid to Beat Barclays ; Banking

Birmingham Post › July 17, 2007

Linked as:

Summary

Royal Bank of Scotland yesterday turned up the heat on rival Barclays after sweetening the terms of its pounds 48.2 billion offer for Dutch bank ABN Amro.

RBS, along with consortium partners Spain's Santander and Belgium- Dutch group Fortis, kept its offer at 71.1 billion euros, but said it would now pay 93 per cent in cash in an attempt to trump Barclays' agreed pounds 45 billion merger deal.

See the full content of this document

Extract

Rbs Opens Up the Cash Vault in Expensive Bid to Beat Barclays ; Banking

The increase in the cash element - up from 79 per cent - means the consortium will pay 66 billion euros (pounds 44.7 billi...

See the full content of this document