(Reuters) - "The transaction is expected to result in a decrease in the Tier 1 ratio of ING Bank NV of approximately 50 basis points," ING, one of the top five insurers in Europe, said in a statement.
It said the deal will result in a price/book multiple of 3.26 of shareholder's equity as at 31 March 2007, a price/earnings multiple of 26.6 times the 2006 normalised earnings and is expected to be accretive to ING's earnings per share as of 2008.
Read more at Reuters.com Mergers News
It said the deal will result in a price/book multiple of 3.26 of shareholder's equity as at 31 March 2007, a price/earnings multiple of 26.6 times the 2006 normalised earnings and is expected to be accretive to ING's earnings per share as of 2008.
Read more at Reuters.com Mergers News
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