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Barclay loses, Bank-Trio to announce victory soon!

This is going to announced soon.

The result had been widely expected after a fall in Barclays' share price saw the value of its bid slip well behind the €71-billion ($100-billion U.S.), mostly-cash offer from the RBS consortium, which also includes Spain's Santander and Belgian-Dutch group Fortis.

Barclays said the merger protocol with ABN was now terminated and that it was requesting payment of the 200 million euro break fee, which it said would “significantly exceed the costs that Barclays incurred in connection with the offer.”

The bank also said it would restart its share buyback program, with up to £1.55-billion ($3.2-billion U.S.) available to purchase a maximum of 196 million shares for cancellation.


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