British bank Barclays Bank merger Netherlands defeat

-- Brussels, October 5 (Xinhua Shangjun) After months of fierce contention, the Dutch bank’s bid battle for the 5th situation became apparent. With participation in the bid side - Britain’s Barclays Bank announced the same day bid from the ranks of the outside world is widely expected, if not see the accident, the Royal Bank of Scotland led the European consortium three banks in the banking history of the largest in the war in the last laugh. Back in March of this year, as the third largest bank in the British bank Barclays Bank and the Netherlands were the first to start merger negotiations, and once the Netherlands bank management’s endorsement. Unexpectedly "halfway break a story", by the Royal Bank of Scotland, Spain and International Bank of Belgium and the Netherlands joint venture consortium consisting of Fortis Bank subsequently issued a bid offer, a global banking notable acquisition this war started. Barclays Bank of the Netherlands bank merger offer was due on the 4th of this month. But the latest news, in the Netherlands banks have issued 1.9 billion shares in Barclays bank to accept the acquisition offer only 500 million shares. The Dutch bank shareholders not "favor" the brutal reality, Barclays Bank announced on the 5th to remove acquisition offer, the decision took effect immediately. This means that Barclays Bank after months of fierce contention after its acquisition of the Dutch bank moves ultimately ended in failure. Barclays Bank to withdraw from the consortium for the three banks ultimately paved the way for the win. Three banks issued by the offer of the consortium was also due on the 5th of this month. The outside world is expected to have 183 year history of the Dutch bank is now three banks in the consortium eventually, three bank consortium won the bid for the Dutch bank was first reported on the 8th of this month will be announced. Analysts pointed out that the losers lose Barclays Bank in a bid on. Although the approximately 6.1 billion euros is already high price quotations, but with about three banking consortium bid 71.1 billion euros compared, the gap is still very evident. Barclays Bank and the proposed acquisition in cash also was significantly lower than the proportion of three bank consortium. In August this year, according to Barclays Bank formally announced the bid, the Dutch bank’s convertible and the acquisition will take a combination of cash and convertible account for a large proportion. However, in recent months by the United States secondary mortgage market crisis triggered by turmoil in financial markets, for Barclays Bank shares fell, its bid was "diminished" from the 65 billion euros was reduced to the current approximately 61 billion euros. Barclays Bank to combat the competition, three banking consortium in mid-July this year, the acquisition of the Dutch bank, which will pay the cash ratio from 79% to 93%, total about 71.1 billion euros. This Dutch bank shareholders, it is clear that more attractive. A spokesman for the Dutch bank said on the 5th of this month, Barclays Bank said the decision to withdraw from the understanding, and thank Barclays Bank of the Netherlands has shown confidence in the banks. The Netherlands lost the bidding banks, Barclays Bank of intent to play its own global fifth largest commercial bank also spoke of dreams dashed. But Barclays Bank said they will not bid failed losses, because in the original agreement, the bank will have the right to request up to the Dutch bank to pay 200 million euros in compensation, which greatly exceeded the bid by Barclays Bank for the fees paid. Barclays Bank withdrawal deal, it also means that banks will face the Netherlands was "dismembered" destiny. According to the consortium of three banks, acquired after the success of the Netherlands three banks would split operations of the bank, only those.