Market Report: Barclays buoyed by Bank of America bid talk

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Market Report: Barclays buoyed by Bank of America bid talk

5th October 2007, 00:01:AM

It was always bound to happen. Just as Barclays' attempt to buy ABN Amro crumbled, the UK group supposedly became a target itself. The offer for ABN lapsed yesterday, and the rumour mills duly ground into action. The old rumour of Bank of America coming in with a 750p-per-share bid was dusted off, although one trader was doubtful. "That has been around a while, and they would never get it at that price. I'm sure it would have to be over 1,000p to stand a chance," he said. The stock rose 15p to 655p.

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Tags: amro, analysis, bank, barclays, business, coming, itself, ock, rose, temp

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Market Report: Barclays buoyed by Bank of America bid talk

Market Report: Barclays buoyed by Bank of America bid talk

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