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AMSTERDAM, Netherlands (AP) - A consortium led by Royal Bank of Scotland said its 69.9 billion euro ($94.7 billion) bid for ABN Amro was worth more than a rival overture from Barclays, but legal uncertainties left both offers frozen on Monday, according to the targeted bank.
ABN Amro said it has been unable to schedule a shareholders' meeting to discuss either the bid and blamed a ruling by the Amsterdam Superior Court.
The ruling "created ambiguity for shareholders and has led to Bank of America filing a lawsuit against ABN Amro in the U.S. courts," the bank said in a statement.
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