The Dutch Supreme Court says A-B-N Amro's sale of LaSalle Bank to Bank of America of Charlotte is legal.
The Dutch Supreme Court today overturned a lower court ruling blocking the 21 billion dollar sale.
The larger fight between Barclays and a consortium led by the Royal Bank of Scotland to buy A-B-N Amro will probably continue.
The court says A-B-N Amro directors were entitled to choose to sell Chicago-based LaSalle to Bank of America.
Bank of America spokesman Frans van der Grint calls the ruling a complete victory for the bank and A-B-N Amro. van der Grint says the ruling will allow the sale to be completed.
The ruling says A-B-N Amro directors were not required to get shareholder approval before the sale.
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