Dutch shareholders group VEB said Thursday it will go to court to hold up the planned sale of ABN AMRO's U.S. retail bank LaSalle to Bank of America Corp. to give other banks a fair chance to make a bid for ABN AMRO.VEB -- as well as hedge fund TCI, another ABN shareholder -- argue the Bank of America-LaSalle deal makes it difficult for other bidders to make an offer for ABN.
Bank of America Corp billion in cash this week, in a deal related to Barclays' $88.5 billion offer to buy ABN AMRO Holding.
Royal Bank of Scotland Group, along with Spain's Santanderand Dutch-Belgian bank Fortis, have proposed a higher 72 billion euro counter-bid for ABN, but want LaSalle included.
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