If at first you don't succeed, bring China and Asia to the table. That appears to be the angle Barclays
Up until now, Western banks such as Bank of America
With the news of the investment from the two Asian banks, Barclays also upped its offer for ABN Amro and switched from an all-stock offer to an offer that is a mix of cash and stock. The combined offer still falls slightly short of the straight cash offer from the consortium, but given the growth potential and strategic positioning in Asia provided by China Development Bank and Temasek, the Barclays offer is far more competitive than it was -- and far more interesting.
Nathan Parmelee doesn't own shares in any of the companies mentioned. Bank of America is a Motley Fool Income Investor recommendation. The Motley Fool has an ironclad disclosure policy.