As part of the offer, the UK bank is offering 2.13 of its ordinary shares for each ABN Amro ordinary share and E13.15 in cash to ABN Amro shareholders. Barclays has also confirmed that it has received all regulatory approval necessary to launch the public offer.
At present, the Netherlands-based bank appears to favor the consortium following the group’s official withdrawal for its support for the UK bank, after stating that Barclay’s offer was of a lower value than the proposed offer of its rival.
According to Reuters, the offer period will run from August 7, 2007 to October 4, 2007.
