Jim Cramer Blog

Barclays will raise its offer for ABN Amro to $93.1 billion, with help from two Asian financial partners, in the face of a rival bid led by the Royal Bank of Scotland, the British bank said Monday.

Barclays' new 67.5 billion-euro offer includes 42.7 billion euros ($58.9 billion) in shares and 24.8 billion euros ($34.2 billion) in cash, or 35.73 euros ($49.32) per ABN Amro share, based on Barclays' closing price Friday.
That compares with its own earlier all-share offer worth 33.86 euros ($46.74) and the RBS-led consortium bid of 38.40 euros ($53.01), which valued the bank at 71.1 billion euros ($97.8 billion).
Either takeover, if successful, would be the largest in the history of the financial industry.

Labels: ABN, ABN AMRO Holding N.V., Barclays plc, BCS