AMSTERDAM-The long-running battle to buy ABN Amro Holding NV appears to have drawn to a close as Barclays Group PLC backed out of the bidding war. The exit leaves the approximately $101-billion bid by a three-member consortium led by London-based Royal Bank of Scotland PLC on the table, subject to a vote by ABN Amro shareholders.

According to published reports during the weekend, investors representing 85% of ABN Amro shares had voted to accept the deal, and the three-party consortium will announce the outcome this week. The trio also includes Belgium-based Fortis NV and Spain’s Banco Santadar Central Hispano SA.

In the end, the buyers are paying more for less. Under terms of the initial $91-billion bid by London-based Barclays this April, ABN Amro agreed to sell its Chicago-based LaSalle Bank to Bank of America Corp. for $21 billion. Analysts saw the sale as a move to block a rival bid.

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