Anytime there are multiple suitors for an acquisition, it's bound to get interesting. ABN Amro
A key to the counteroffer from the three large European banks was that the planned sale of ABN's U.S. banking business LaSalle -- to Income Investor selection Bank of America
The rival bid has already made the marriage between ABN Amro and Barclays difficult to consummate as originally structured. This new twist from the courts, which appears to force ABN Amro to let shareholders vote on the sale, puts added pressure on the merger agreement and also opens up the possibility that a payment will need to be made to Bank of America for the deal falling through. Whatever happens next, it seems that this dance is just getting started.