Biggest Bank Merger Ever Set To Close For $101 Billion
Wall Street Journal:
The biggest banking deal ever is likely to conclude today, resulting in the dismemberment of one of Europe's largest banks.
The significance of the deal goes beyond its $101 billion price tag and the demise of 183-year-old ABN Amro Holding NV of the Netherlands. Depending on how the buyers fare, it could become either a symbol of the overexuberance seen in the recent mergers-and-acquisitions boom, or -- as some investment bankers hope -- a precedent for tackling breakups of big companies.