ABN AMRO takeover talks bring E&Y out in a sweat
Ernst & Young is sweating today over the prospect of takeover talks swirling around ABN Amro
The bank’s auditor may be pushed aside in the event of a Barclays takeover,
exclusive talks about which were set to end yesterday. Barclays is audited by
PricewaterhouseCoopers, and would be likely to appoint the largest global firm
in the event of a merger.
Further suitors could also now make plays for ABN. RBS is expected to make a
rival offer in the near future, but key questions remain about the management
structure of the prospective merged company.
For more, go to www.barclays.com