In the mood for...

The bigger the better?


________________________________________

Barclays and RBS are fighting for ABN, and now China Development Bank and Temasek Holdings are jumping into Barclays' camp.


http://www.merger.barclays.com/index_main.php?task=view§ion=press&language=en&cnt=bb&med=asx&type=video


Barclays proposed merger with ABN AMRO
Press releases
23 July 2007
Barclays announces investments of up to €13.4 billion By China Development Bank and Temasek Holdings, and a revised offer for ABN AMRO

• China Development Bank to strengthen strategic partnership with Barclays and to become a major shareholder
• Temasek to become a major shareholder of Barclays
• €3.6 billion investment by China Development Bank and Temasek in Barclays unconditional on outcome of proposed merger with ABN AMRO
• Up to a further €9.8 billion investment by China Development Bank and Temasek in Barclays conditional upon completion of the proposed merger
• €2.5 billion (£1.7 billion) of this conditional investment available for clawback, outside of the United States, targeted to existing Barclays shareholders
• Revised offer for ABN AMRO of €67.5billion, €42.7 billion in shares and €24.8 billion in cash
• Barclays first half earnings per share up 14 per cent.
• Share buyback by Barclays of up to €3.6 billion (£2.4 billion)

The Board of Directors of Barclays PLC ("Barclays") today announces an investment by China Development Bank and Temasek Holdings of up to €13.4 billion (£9.0 billion) in Barclays through the subscription of new shares. Barclays also announces revised terms of its offer ("Revised Offer") for ABN AMRO Holding N.V. ("ABN AMRO"). Barclays has submitted the Revised Offer to the Managing and Supervisory Boards of ABN AMRO for their consideration.

________________________________________