UPDATE 1-TCI threatens legal action against ABN AMRO-report
AMSTERDAM, March 26 (Reuters) - British hedge fund TCI will take legal action against ABN AMRO AAH.AS, which is in exclusive merger talks with Britain's Barclays (BARC.L), unless the Dutch bank considers other offers for its business, a newspaper reported on Monday.
The Children's Investment Fund Management <TCI), which urged ABN AMRO last month to break up or sell itself and triggered the bank's talks with Barclays, has argued that ABN should consider all offers before agreeing to a merger with Barclays, Dutch daily Financieele Dagblad reported, citing a TCI spokesman.
Officials from ABN or TCI were not immediately available for comment.
One week ago, Barclays and ABN outlined a framework for a merger for a combined bank that would be listed in London, headquartered in Amsterdam and have its two top jobs split.
Last week, TCI said that ABN's exclusive talks with Barclays does not prevent it from considering other offers, and that it should consider "bids by other credible institutions in order to produce the best result for shareholders."
((Reporting by Reed Stevenson; Reuters Messaging: firstname.lastname@example.org; +31 20 504 5002)) Keywords: ABNAMRO BARCLAYS/TCI
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