•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

RBS-led group increases ABN stake From the FT: The Royal Bank of Scotland-led group seeking to take control of ABN Amro has signalled its determination to press ahead with its €71bn ($96.6bn) break-up bid after increasing its stake in the Dutch bank to more than 3 per cent on the market. The consortium Monday night announced that it had boosted its stake in ABN to 3.25 per cent between Friday, when the share price traded as low as €31.20, and Monday.

  The group said it had bought 40.76m ABN shares, which closed Monday up 1.86 per cent, at an average price of €33.81. The buying takes advantage of the significant discount the shares are trading at against the RBS consortium offer. Full article: Source

Opalesque Exclusive: Everest Capital says proposed merger leaves Norway company `significantly undervalued` Everest Capital informs it will vote against a proposed merger of Norway's Wavefield Inseis ASA with TGS-NOPEC Geophysical Company ASA. Everest Capital holds 3% in Wavefield “for some time now and is very impressed with its management, but strongly urges the firm to reconsider the current terms of the proposed merger and find additional ways to unlock its true value. We believe that under present terms, the offer significantly undervalues Wavefield, and we would vote against the proposed combination.”

......................

To view our full article Click here