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RBS calls to US in NatWest bid

Royal Bank of Scotland is looking for US support in its £21.8bn hostile takeover bid for National Westminster Bank.


RBS chief executive Sir George Mathewson is flying to the States to woo US shareholders, having registered the offer with the US Securities and Exchange Commission .


The bank now has a week&#39s head start over rival bidder Bank of Scotland which will attempt to win over the US parties holding between 7-9 per cent of Natwest shares next week.


Meanwhile, Natwest is planning to start a round of meetings to try and convince institutional savers its new management team justify remaining independent.

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