FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of May 2007
Commission File Number: 001-10306
The Royal Bank of Scotland Group plc
Business House F, Level 2
RBS, Gogarburn, PO Box 1000
Edinburgh EH12 1HQ, DEPOT CODE: 045
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
| Form 20-F X | Form 40-F |
| Yes | No X |
7 May 2007 - Fortis, RBS and Santander Announcement
Fortis, RBS and Santander ("the Banks") confirm that they submitted an
Acquisition Proposal for LaSalle Bank to ABN AMRO on 5 May 2007, which was
rejected on 6 May 2007. The Banks considered their proposal to be a Superior
Proposal under the terms of the contract between ABN AMRO and Bank of America.
In particular, the price proposed for LaSalle was materially greater than the
offer from Bank of America and would have led to a public offer from the Banks
for ABN AMRO on terms consistent with the proposals announced on 25th April
2007.
The Banks have no further comment at this time.
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Important Information
This announcement is made pursuant to article 9b(1) of the Dutch Decree on the
Supervision of the Securities Trade 1995.
In connection with the potential transaction involving ABN AMRO, the Banks
expect to file with the U.S. Securities and Exchange Commission (the "SEC") a
Registration Statement on Form F-4, which will constitute a prospectus, as well
as a Tender Offer Statement on Schedule TO and other relevant materials. In
addition, the Banks expect ABN AMRO to file with the SEC a Solicitation /
Recommendation Statement on Schedule 14D-9 and other relevant materials. Such
documents, however, are not currently available. INVESTORS ARE URGED TO READ ANY
DOCUMENTS REGARDING THE POTENTIAL TRANSACTION IF AND WHEN THEY BECOME AVAILABLE,
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors will be able to
obtain a copy of such documents without charge, at the SEC's website
(http://www.sec.gov) once such documents are filed with the SEC. Copies of such
documents may also be obtained from each Bank, without charge, once they are
filed with the SEC.
This communication shall not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction. This press release is not an offer of securities for sale into the
United States. No offering of securities shall be made in the United States
except pursuant to registration under the U.S. Securities Act of 1933, as
amended, or an exemption therefrom.
Forward-Looking Statements
This announcement includes certain "forward-looking statements". These
statements are based on the current expectations of the Banks and are naturally
subject to uncertainty and changes in certain circumstances. Forward-looking
statements include any synergy statements and, without limitation, other
statements typically containing words such as "intends", "expects", "anticipates
", "targets", "plans", "estimates" and words of similar import. By their
nature, forward-looking statements involve risk and uncertainty because they
relate to events and depend on circumstances that will occur in the future.
There are a number of factors that could cause actual results and developments
to differ materially from those expressed or implied by such forward-looking
statements. These factors include, but are not limited to, the presence of a
competitive offer for ABN AMRO, whether the Banks and ABN AMRO enter into any
definitive agreement with respect to the potential acquisition of ABN AMRO or
the potential acquisition of LaSalle, satisfaction of any pre-conditions or
conditions to the potential transaction, including the successful acquisition of
LaSalle and receipt of required regulatory and anti-trust approvals, the
successful completion of the offer or any subsequent compulsory acquisition
procedure, the anticipated benefits of the potential transaction (including
anticipated synergies) not being realized, the separation and integration of ABN
AMRO and its assets among the Banks being materially delayed or more costly or
difficult than expected, as well as additional factors, such as changes in
economic conditions, changes in the regulatory environment, fluctuations in
interest and exchange rates, the outcome of litigation and government actions.
Other unknown or unpredictable factors could cause actual results to differ
materially from those in the forward-looking statements. None of the Banks
undertake any obligation to update publicly or revise forward-looking
statements, whether as a result of new information, future events or otherwise,
except to the extent legally required.
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Fortis N.V., Archimedeslaan 6, 3584 BA Utrecht, Netherlands; Fortis S.A./N.V.,
Rue Royale 20, 1000 Brussels, Belgium
The Royal Bank of Scotland Group plc, Head Office, Gogarburn, Edinburgh EH12
1HQ, UK. Registered Office, 36 St Andrew Square, Edinburgh EH2 2YB. Registered
in Scotland No 45551
Banco Santander Central Hispano, S.A., Ciudad Grupo Santander, Avenida de
Cantabria, s/n, 28660 Boadilla del Monte, Madrid, Spain
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
Date:08 May 2007
| THE ROYAL BANK OF SCOTLAND GROUP plc (Registrant) |
| By: | /s/ H Campbell |
| Name: Title: |
H Campbell Head of Group Secretariat |