Shareholders reject Barclays' ABN bid

As a result, the previously agreed £96bn merger between Barclays and ABN Amro was thrown into disarray with Royal Bank of Scotland’s increased last ditch offer coming to the fore. The move which will ultimately affect the ownership of UK retail asset management houses Artemis Investment Management and ABN Amro Asset Management took another twist amid chaotic scenes at the ABN annual meeting in The Hague. In an eleventh hour bid to stop the merger with Barclays, 68pc of shareholders backed the rebel proposal tabled by hedge fund The Children’s Investment Fund. It called for the board...