Barclays, ABN Rapid Takeover Talks
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British bank Barclays and Dutch bank ABN AMRO aim to agree to tie-up within 30 days. Barclays and ABN said late on Monday they were in “exclusive preliminary discussions”. No details of any deal were released, but Barclays is likely to have to pay more than $80 billion for its rival. It would be Europe’s biggest ever financial services deal and create a bank work more than $160 billion.
