|
AMSTERDAM, Netherlands (AP) - ABN Amro will appeal a court order to freeze the sale of LaSalle Bank, its U.S. arm, to Bank of America for $21 billion (15.5 billion euros), the bank said Wednesday.
The Amsterdam Superior Court's decision last week was a stinging rebuke to ABN's management, and brought a larger takeover battle over the Netherlands' largest retail bank to an abrupt standstill.
Barclays PLC agreed to buy ABN Amro NV in an all-share, management-supported deal worth 61.9 billion euros ($84.1 billion) at current share prices. A consortium of banks led by Royal Bank of Scotland PLC then announced plans for a hostile takeover bid of ABN worth 69.9 billion euros ($94.9 billion) — on the condition that the LaSalle sale does not go through.
|