A Dutch court plans to rule Thursday on whether to freeze
sale of LaSalle Bank to
Bank of America
, according to a weekend media report.
The court's decision could help decide the fate of ABN Amro, which has agreed to be acquired by
but is also being sought by a rival consortium of banks led by Royal Bank of Scotland.
The Dutch Enterprise Chamber Saturday said it will rule Thursday on the $21 billion LaSalle deal,
The Wall Street Journal
Court approval of the LaSalle sale could make it harder for the RBS consortium to thwart ABN Amro's purchase by Barclays, the
report noted. But if the Amsterdam court freezes the LaSalle deal, the RBS consortium would get more time to pursue its own bid for all of ABN Amro, including LaSalle, the report added.
The court's involvement comes after a Dutch shareholders association requested that the LaSalle sale to Bank of America be frozen. The association wants ABN Amro shareholders to vote on the transaction.
ABN Amro shares gained 75 cents Friday to close at $50.28.