ABN Amro to Acquire Michigan National for $2.75 Billion

ABN Amro

(ABN)

agreed to acquire

Michigan National

, Farmington Hills, Mich., for $2.75 billion in cash.

Michigan National, a commercial bank holding company, is a unit of

National Australia Bank

(NAB)

.

The companies expect to close the deal by the end of the first half of 2001, pending regulatory approval.