Royal Bank of Scotland-led consortium said it had secured financing for its proposed €71 billion takeover of Dutch bank ABN AMRO, and said its deal would have lower risk and not significantly more job cuts than a rival offer.
ABN, however, said it had not had any contact with the consortium since it rebuffed a proposed offer from the group on 6 May.
ABN has agreed an all-share takeover by British bank Barclays, worth €63 billion, which RBS and its partners Santander and Fortis are trying to unravel.
Either deal would be the biggest-ever bank takeover.
After weeks of claim and counterclaim, Dutch market regulator AFM today forced ABN and the consortium to publish letters, a memorandum and other recent correspondence.
The consortium confirmed its proposed offer was worth €38.4 per ABN share, comprising €27 in cash and the rest in RBS shares. It said it could adjust the offer, but the cash element would be at least €26 per share.
It said it would consider disposals, but a deal would not be conditional on any.
Talks between ABN and the consortium fell apart on 6 May as RBS and its partners said their offer was conditional on them also buying ABN's U.S. arm, Chicago-based LaSalle Bank.
The consortium offered $24.5 billion for LaSalle, trumping a $21 billion bid for the unit from Bank of America , but ABN said it would not accept the "interconditional" offers for LaSalle and the rest of ABN.
ABN has also said the consortium has not provided full details of the financing of its proposal and therefore could not assess the bid's likelihood of success.
