Reuters Business News: SocGen mulling merger or bid for BNP: paper - MSN Money
Les Echos said the head of Societe Generale had hired investment banks to advise on the possibility of a merger with larger domestic rival BNP Paribas. The newspaper said both a friendly deal and hostile bid were being examined but that Societe Generale’s management was divided over the idea.

June 8, 2007 @ 9:05 AM · Filed under Uncategorized
Permalink        No Comments

Reuters Business News: Barclays optimistic will win ABN battle: Diamond - MSN Money
We went into this transaction expecting to be able to execute and we are still quite confident that we can ” said Bob Diamond head of Barclays’s investment bank arm and president of the group. Barclays has agreed an all-share takeover of ABN worth about 63 billion euros ($84.6 billion) but a consortium led by Royal Bank of Scotland has made a mostly cash offer worth 71 billion euros.

June 8, 2007 @ 9:04 AM · Filed under Uncategorized
Permalink        No Comments

Reuters Business News: Bank of America appeals “shocking” ABN ruling: paper - MSN Money
The paper said the Enterprise Chamber the commercial court that last month supported calls from investors for the deal to be frozen in order to allow a shareholder vote stood accused by Bank of America of breaching European Union and Dutch law. The Dutch Supreme Court which is hearing appeals by ABN and Bank of America over the frozen deal will rule late this month or early July on whether ABN can go ahead with …

June 8, 2007 @ 9:04 AM · Filed under Uncategorized
Permalink        No Comments