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The first Boeing 787 Dreamliner sits on the assembly line at the company's Everett plant in Washington in this May 19, 2008 file photo. REUTERS/Robert Sorbo/Files

Aerospace and Defense

Defense budgets are not declining as sharply as some had feared, but companies are scrambling to ensure continued earnings growth. Get exclusive insight into the defense sector from the Reuters Aerospace and Defense Summit.  Full Coverage 

    ABN AMRO says to assess two revised bids fairly

    AMSTERDAM
    Mon Jul 23, 2007 3:20am EDT

    Stocks

       

    AMSTERDAM (Reuters) - ABN AMRO AAH.AS, which received two revised offers from rival bidders Barclays (BARC.L) and a consortium led by Royal Bank of Scotland (RBS.L), said on Monday that it will evaluate both offers in "a fair and transparent manner."

    Mergers & Acquisitions  |  Funds News

    Barclays earlier on Monday revised its offer for ABN to include more cash.

    The 67.5 billion euros ($93.4 billion) Barclays bid will be comprised of 42.7 billion euros in shares and 24.8 billion euros in cash.

    The consortium of RBS, Fortis (FOR.BR) and Santander (SAN.MC) is offering 71 billion euros for ABN, mostly in cash.

    "ABN AMRO welcomes the opportunity for shareholders to consider two competing proposals on a level playing field," ABN said in a statement.
    Mergers & Acquisitions
    Funds News


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