Dutch Supreme Court to rule on ABN's LaSalle
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Tue, 10 Jul 2007 07:46:01 GMT |
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AMSTERDAM (Reuters) - The Dutch Supreme Court will issue its ruling on ABN AMRO's suspended sale of U.S. subsidiary LaSalle on Friday, July 13, at 0800 GMT, the court said on Tuesday.A commercial court in Amsterdam froze ABN's agreed deal to sell LaSalle to Bank of America for $21 billion in May, a ruling that is now being appealed before the Supreme Court by ABN.The court ruled that ABN would have to seek shareholder approval for LaSalle, which could sway the acrimonious takeover battle for ABN between Barclays against a consortium led by Royal Bank of Scotland .Two weeks ago, Advocate General Vino Timmerman, tasked with providing Supreme Court judges an opinion ahead of their ruling, said that ABN did not need shareholder approval for the LaSalle sale.
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