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AMSTERDAM, Netherlands (AP) - ABN Amro received an industry record takeover bid of 71.1 billion euros ($95.5 billion) Tuesday from a group led by Royal Bank of Scotland PLC, but its shares fell as the Dutch bank's earlier decision to sell its U.S. arm to Bank of America still clouded prospects for a quick deal.
The offer by the RBS-led consortium of 38.40 euros ($51.59) per share, about 10 percent higher than the bid on the table from Britain-based Barclays PLC, is contingent on the LaSalle sale not going forward, and also sets aside around 1.85 billion euros ($2.49 billion) to pay potential claims or a settlement to BofA.
What will happen next depends on who acts first: the courts or ABN Amro's shareholders.
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