Financial Times FT.com

ABN opts for neutral stance on bids

By Jane Croft in London and agencies

Published: July 29 2007 20:03 | Last updated: July 30 2007 08:05

ABN Amro on Monday took a neutral position by not recommending any takeover offer either from Barclays or from the rival RBS-led consortium.

The Dutch bank, which also reported second-quarter results, had previously recommended a bid from Barclays. However, its two boards had found themselves in an increasingly difficult position as the newly revised Barclays bid is lower than the bid from the RBS consortium.

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