Barclays, ABN Amro in $91bn merger -<b>Video</b>

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Barclays, Britain's third- largest bank, and ABN Amro Holding have agreed to a 67 billion euro ($91 billion) merger in what is the world's biggest-ever financial-services takeover.

The merger amounts to 36.25 euro a share and includes 3.225 Barclays shares for each share of ABN Amro, the banks said today. That is 33% more than ABN Amro's closing price on the last trading day before talks were announced.

In a related deal, ABN Amro agreed to sell Chicago-based LaSalle Bank to Bank of America Corp.

Barclays's acquisition of Amsterdam-based ABN Amro, the largest Dutch lender, will create a bank with almost 2,30,000 employees and more than 8,200 branches stretching from India to Brazil.