ABN Amro ADR Stock!!


[tag]ABN Amro ADR [/tag]used to trade on the NYSE with the ticker ABN. A few months ago a consortium of banks led by Fortis(Holland), [tag]RBS[/tag] (UK) and Santander (Spain) acquired ABN Amro. As a result of this, ABN’s ADR is now trading in the OTC market under the ticker ABNYY.

In March, the company issued a press release stating that it was de-listing the ADR from NYSE. ADR investors will receive mostly cash and some stock due to the takeover by the consortium.

The original press release from [tag]ABN Amro[/tag]:

ABN AMRO HOLDING N.V. applies for [tag]de-listing[/tag] of shares

ABN AMRO Holding N.V. has resolved to apply for de-listing of its ordinary shares with a par value of €0.56 each ( “Ordinary Shares”) and the (formerly convertible) preference shares with a nominal value of €2.24 each from Euronext Amsterdam by NYSE Euronext (“Euronext Amsterdam”), the regulated market of Euronext Amsterdam N.V. and to apply for the de-listing of its American Depositary Shares (“ADSs”), each representing one Ordinary Share from the New York Stock Exchange.

Notice is hereby given that following this decision, the Ordinary Shares are expected to be de-listed from Euronext Amsterdam, and the ADSs are expected to be de-listed from the New York Stock Exchange, effective 25 April 2008. The (formerly convertible) preference shares are expected to be de-listed from Euronext Amsterdam shortly after finalisation of the pending squeeze-out proceedings.

Press contact: +31 20 6288900″

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