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Barclays says 'nothing surprising' in RBS's ABN bid

LONDON (Reuters) - A takeover offer for Dutch bank ABN AMRO from a consortium led by Royal Bank of Scotland contained “nothing surprising”, according to the chief executive of rival suitor Barclays.

John Varley, Barclays chief executive, said in a letter to staff on Tuesday that he would be reviewing the detail of the RBS-led group’s rival offer.

The letter added: “There will, I’m sure, be a lot of press and media coverage. The purpose of this short letter is to say there is nothing surprising in today’s development and once I have had the opportunity to look at it carefully I’ll write to you again.”

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