Online edition of India's National Newspaper
Tuesday, Jul 24, 2007
ePaper
Online edition of India's National Newspaper Tuesday, Jul 24, 2007 ePaper |
|
|
|
|
|
|
|
|
|
| Business |
|
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
Advts: Classifieds | Jobs | Obituary |
Business
AMSTERDAM: Barclays said on Monday it would increase its offer for ABN Amro Holding NV to euro 67.5 billion ($93.2 billion) with the help of Asian financial partners. Barclays’ new offer is euro 42.7 billion ($58.9 billion) in shares and euro 24.8 billion ($34.2 billion) in cash, or euro 35.73 ($49.32) per ABN Amro share. That compares with its earlier bid of euro 33.86 ($46.74) and a rival offer by a Royal Bank of Scotland Group PLC-led consortium of euro 38.40 ($53.01), which values the bank at euro71.1 billion ($97.8 billion). Either bid, if successful, would be the largest takeover in the history of the financial industry. Barclays in a statement said it had struck a deal with the China Development Bank and Temasek Holdings Ltd. of Singapore, whereby the pair will buy euro 3.6 billion ($5 billion) of new Barclays shares now, and an additional euro 9.8 billion ($13.5 billion) if the bid to buy ABN Amro Holding NV is successful. — AP
Printer friendly
page
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Home |
Copyright © 2007, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
