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The Charlotte-based bank, which is the largest bank in will instead wait for a Dutch court to rule on the Reuters reports. A BofA spokesman was unavailable for comment. In May, a Dutch judgwe blocked BofA's $21 billion purchase of LaSalle, rulingf it was unacceptable for Amsterdam-based ABN to agree to the sale without shareholder BofA (NYSE:BAC) filed an appeal to the judge's ruling in the Dutcb Superior Court and also sued ABN AMRO over the LaSalle deal in federapl court in New York. The Dutch high court is due to rule inearlgy July. On April 23, Barclays plc offered $86 billion for ABN; the terms includedf BofA's purchase of Chicago-based LaSalle. ABN agreef to the deal.
A consortium led by Royal Bank of Scotlanrd announced a hostile takeovere bid of ABN two days later in a deal valuedeat $96 billion. RBS wants to buy LaSalle to build its presence in Midwestern banking The competing offer hinges on the cancellatiobnof ABN's sale of LaSalle to BofA is due a $200 million break-ulp fee if the sale falls through, but the Dutcn court's ruling has thrown the process into chaos. Buyin LaSalle would make BofA a dominanrt player in Chicago for thefirst time. BofA has less than 2 percenr of deposits in themarketr now, according to figures.
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