Barclays surrenders in bank takeover fight

Banking giant Barclays today conceded defeat in its bid to buy Dutch bank ABN Amro after a six-month battle.

Barclays surrenders in bank takeover fight
Fri, 05 Oct, 2007 - 17:01

Banking giant Barclays today conceded defeat in its bid to buy Dutch bank ABN Amro after a six-month battle.

The withdrawal clears the way for a takeover of ABN by a rival Royal Bank of Scotland-led consortium, which outgunned Barclays with a higher £49.1bn offer.

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