Ruling lets BofA acquire LaSalle
From Times Wire Reports
The Dutch Supreme Court broke the logjam in the takeover battle for ABN Amro, the biggest in the history of the banking industry, with a ruling that allowed the Amsterdam-based bank to sell its U.S. arm to Bank of America Corp. and cleared the way for ABN itself to be acquired.
The legal struggle over Chicago-based LaSalle Bank Corp. had kept the larger fight for ABN on hold since early May. In its ruling, the Dutch court decided that ABN’s management was entitled to sell LaSalle without consulting shareholders.
