September 26, 2007

Did barclays bank took over ABN Amro or did they both merged?

Barclays TOOK OVER ABN Amro which is an acquisition - a buyout. A merger is a nice way of describing the aforementioned. It's a propaganda wordplay for the redundant employees at ABN Amro to believe they won't lose their jobs since they will "merge" with the acquiring new company - "combine strengths", "complement each other", "aligning the best of both companies", etc. I think you get the idea. If two companies are of equal size then it is a true merger (I.e., Daimler-Chrysler, Time Warner-AOL). If one company is significantly larger (Barclays) than the other (ABN Amro), it's a true acquisition.

Tags: state bank of india

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