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RBS shows Christmas spirit

Royal Bank of Scotland has brushed suggestions its hostile bid for National Westminster Bank are “inadequate”, “unrealistic&#39 and “high risk.”


RBS showed Christmas goodwill responding to its target&#39s quips by saying it was “grateful for the prompt consideration of our offer and for identifying some of the issues relevant to any proposal presented to Natwest shareholders.”


The rebuffed suitor also said it looked forward to demonstrating its offer presented the “lowest execution risk, highest revenue generating and cost saving potential”.


RBS also took the opportunity to state it felt the issues would be better discussed in the new year and wished staff and investors best wishes for 2000.

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