Amro Drops Talks On Talman Buyout

AMSTERDAM - ABN-Amro Holdings, the Dutch parent of LaSalle National Corp. in Chicago, issued a statement Tuesday confirming that LaSalle has broken off acquisition talks with Talman Home Federal Savings and Loan Association.

ABN-Amro had previously refused to comment on news reports that it wanted to buy Talman, a Chicago thrift with assets of $5.8 billion.

"There were discussions, but we did not reach an agreement. From our side, a deal definitively is not going ahead," an ABN-Amro spokesman said.

He declined to comment on reasons for the breakdown in negotations.

Talman declined to comment Monday on a news report that it rejected a buyout offer from LaSalle. The report said LaSalle offered about $350 million.

Talman had said it was in discussions with potential investors. It is trying to comply with a capital-raising plan approved by U.S. regulators.

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