ABN shuns alternative bid

Dutch bank ABN Amro rejected a $98.2bn (€72bn) takeover bid even though its proposed deals with UK rival Barclays and Bank of America have caused shareholder outrage.

ABN Amro rejected a $98.2bn acquisition bid from a pan-European consortium including the Royal Bank of Scotland, Spanish bank Santander Central Hispano and Belgian-Dutch bank Fortis.

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