Saturday, May 26, 2007

RBS consortium set for ABN bid on Tuesday

(Reuters) - A trio of banks led by Royal Bank of Scotland will likely make a formal takeover offer for Dutch bank ABN AMRO on Tuesday, sources familiar with the matter said on Friday.

RBS, Fortis and Santander, who will provide an update on their plans to bid for ABN on Tuesday, currently view launching an offer as their preferred option, the sources said.


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