IIPM PUBLICATION
The acquisition
of LaSalle Bank doesn’t seem to be a smooth ride for the Bank of America. The latter, which had announced to buy LaSalle Bank Corp. and its subsidiaries from ABN AMRO Holding NV for $21 billion, is all set to face a bumpy way ahead. And the credit for all goes to a Dutch shareholders’ group VEB. Th e group is planning to file a suite to hold up the planned buyout to give other banks a fair bidding prospect for ABN AMRO Holding NV. Recently, a consortium of banks had placed a higher counter-bid for the same against the Barclays Plc’s offer of $88.5 billion. However, the acquisition, if completed, will make the Bank of America as Chicago’s largest bank and the third largest in the United States. Well, good bargains are not the easy ones!For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Article, Visit Below....
http://iipm-top-mba-institute.spaces.live.com/
http://iipm-here-is-your-future.spaces.live.com/
http://iipm-campus-events.spaces.live.com/
http://iipm-institute.spaces.live.com/
No comments:
Post a Comment