Thursday, 27 October 2016
Last updated 14 hours ago
Mar 26 2007 | 10:58am ET
Christopher Hohn certainly knows how to make an executive’s blood boil.
The head of London-based hedge fund The Children’s Investment Fund told The Economist that he might sue the head of ABN Amro’s supervisory board if it fails to consider multiple bids for the Dutch banking giant.
ABN—under considerable pressure from TCI to break itself up or sell itself—last week opened exclusive merger talks with British banking behemoth Barclay’s to create a new London-listed, Amsterdam-based giant. But TCI says exclusive talks are no way to ensure that ABN shareholders get the best deal.
Reuters reports that several other banks may be interested in all or part of ABN, including BBVA, BNP Paribas, Citigroup, ING, the Royal Bank of Scotland and Santander.