NPC, ABN Amro Merchant Services
Mark Fellows writes in Business Directly Weekly about ABN Amro Merchant Services' which is jointly owned by NPC and LaSalle Bank, a US subsidiary of ABN Amro. According to regulatory filings, LaSalle must waive its right to purchase NPC's majority stake in AAMS in order for the Bank of America acquisition of NPC to occur.
"It would be in (LaSalle's) interest to waive the right and keep things going as usual," added David Fountain, NPC's chief financial officer. "It's one of those things that I think is going to be worked out."
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