Barclays, ABN aim for rapid takeover talks

British bank Barclays Plc and Dutch rival ABN AMRO aim to agree a tie-up within 30 days, sources close to the matter said on Tuesday, as shares of both firms jumped on news of the takeover talks.

Barclays and ABN said late on Monday they were in "exclusive preliminary discussions." No details of the structure of any deal were released, but Barclays is likely to have to pay more than $80 billion for its rival, mostly or all in shares.

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- Posted: 2007-03-20 10:27:55

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