ABN Amro Shareholders Protest Barclays Buyout

Law360, New York (April 26, 2007, 12:00 AM EDT) -- Shareholders of ABN Amro have expressed their displeasure with the Dutch bank’s decision to accept an $86.4 billion buyout offer from Barclays, threatening to file a lawsuit to block the deal.

The company’s shareholders on Thursday held a meeting at which they urged ABN Amro to consider a bid from the Royal Bank of Scotland, which may offer as much as $100 billion.

At the meeting, shareholders passed a resolution, introduced by hedge fund TCI, that recommends that the bank’s management “actively pursue any possibility to...
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