(Reuters) - Barclays said on Monday it would pay 3.225 new shares for each ABN AMRO share, equivalent to 36.25 euros a share at Friday's closing price, to create a banking giant with 47 million customers and the world's biggest institutional asset manager.
The price, which includes the declared 2006 final dividend for ABN shareholders, is slightly higher than many analysts were expecting. But Barclays also said it had also agreed to sell ABN's Chicago-based U.S. bank LaSalle to Bank of America for $21 billion, conditional upon its purchase of ABN.
Read more at Reuters.com Market News
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