TIMELINE: Key events in the battle for ABN AMRO
(Reuters) - Dutch bank ABN AMRO AAH.AS withdrew its recommendation of a takeover by Barclays (BARC.L) on Monday, leaving it with a neutral stance on the British bank's 66 billion-euro ($89.6 billion) offer and the rival Royal Bank of Scotland (RBS.L) consortium's 71 billion-euro offer.
Following are key events in the battle for ABN.
March 20, 2007 - Barclays and ABN outline the plan for a potential merger.
April 13 - Royal Bank of Scotland (RBS) (RBS.L), Spain's Santander (SAN.MC) and Belgian-Dutch group Fortis (FOR.BR) say they have approached ABN, inviting it to talks and asking for access to its books.
April 17 - Barclays and ABN extend merger talks.
April 23 - Barclays agrees to buy ABN in a recommended all-share deal, offering 3.225 shares for each ABN share -- $88 billion at current prices. ABN says separately it will sell U.S. bank LaSalle to Bank of America (BAC.N) for $21 billion.
April 25 - RBS, Santander and Fortis propose a cash-and-share offer for ABN worth about $98 billion, if ABN scraps its planned sale of LaSalle.
- After talks, ABN agrees to open its books to the consortium, but subject to a confidentiality clause that blocks an unsolicited bid for 12 months.
April 26 - ABN investors vote in favor of a motion to break up or sell the bank to maximize shareholder value.
May 3 - A Dutch court rules that ABN must freeze its $21 billion sale of LaSalle to Bank of America, opening up the possibility of a rival bid. The next day Bank of America sues ABN and seeks an injunction to block any moves to sell LaSalle to anyone else.
May 5 - RBS and its partners make an indicative offer worth $24.5 billion for LaSalle, conditional on them also buying the rest of ABN.
May 7 - ABN rejects the RBS consortium offer for LaSalle.
May 29 - The RBS-led consortium unveils a bid for ABN valued at 38.40 euros per share, worth a total $95.7 billion, or 71.1 billion euros.
July 13 - The Dutch Supreme Court allows ABN to proceed with its sale of LaSalle.
July 16 - The RBS-led consortium improves its bid for ABN, offering more cash. The consortium has kept its offer at 38.4 euros per share, 10 percent above an all-share offer from Barclays currently worth about 35 euros per share, but raises the cash component to 93 percent from 79 percent before.
July 20 - The RBS-led consortium formally launches its 71.1 billion-euro ($98.2 billion) bid for Dutch bank ABN AMRO.
July 23 - Barclays raises its offer for ABN AMRO, valued at the time at 67.5 billion euros ($93 billion) to include a cash element.
July 30 - ABN AMRO withdraws its recommendation of a takeover by Barclays.
