Tuesday, May 29, 2007

RBS group raises the stakes in ABN Amro bidding

Banks add more cash to $95 billion offer, seeking to thwart rival Barclays.

A consortium led by Royal Bank of Scotland on Tuesday officially launched its offer for ABN Amro, seeking to thwart rival Barclays by raising the cash portion of its 71।1 billion euros ($95.5 billion) proposal.

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