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LaSalle Is Prize in Bidding War

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Lasalle Bank is the second biggest chain in the city with about 16 percent of the market.

And it’s a hot commodity. The Royal Bank of Scotland announced a new $95.5 billion hostile bid to takeover LaSalle’s parent company, and LaSalle has to be included in the deal.

The new bid is the latest in a series of offers for the company.

Any deal could mean significant job losses at LaSalle, but the Royal Bank says fewer people would lose their jobs under its deal.

Bank of America has also made a bid, but it just wants LaSalle. The Bank of America purchase is held up in a Dutch court.

For Chicago Public Radio, I’m Alex Helmick.

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