Financial Times FT.com

ABN Amro takeover battle

ABN Amro: Track the bid values

By FT Reporters

Published: August 14 2007 18:56 | Last updated: October 5 2007 13:00

Barclays on Friday abandoned its bid for Dutch lender ABN Amro, paving the way for a consortium led by Royal Bank of Scotland to clinch the world’s largest banking deal.

What began as an agreement between ABN Amro and Barclays to merge the two banks’ operations escalated into a Europe-wide bid battle, with the RBS consortium, which also includes Santander of Spain and Fortis, the Belgo-Dutch financial services group, making a higher - largely cash - offer.

Although Barclays, which had originally made a €66bn all-share offer, sweetened its approach with cash, its bid still lagged behind the RBS-led proposal, which values the Dutch bank at €71bn.

With stock making up a portion of both offers, much depended on share price movements. FT.com’s interactive graphic charts the share prices of the five banks involved in the struggle for the Netherlands’ biggest bank by assets and tracks changes in the value of the competing offers.

More in this section

ABN’s Groenink in €4.3m payoff

Tests await ABN takeover

RBS aims to repeat NatWest trick

Leadership key to Fortis integration of ABN

Botín takes laurels for gains in Italy and Brazil

RBS consortium takes control of ABN

Born to the task of breaking up

Victory formally declared in ABN tussle

Barclays concedes defeat in ABN battle

Sir Fred’s heady firsts

Shareholders divided over RBS’s big ABN gamble