- ING's current stake in the recently spun-off ING U.S. (VOYA -0.3%) is 71%. The 30M share offering includes a greenshoe option for the underwriters of 4.5M shares. If taken up, it would further reduce ING's holdings to 58%.
- ING U.S. itself will neither be issuing any common stock as part of the offering, nor receiving any proceeds.
- VOYA -2% premarket.
- Press release.
From other sites
Video at CNBC.com (Mar 25, 2015)
Video at CNBC.com (Feb 17, 2015)
Video at CNBC.com (Dec 17, 2014)
at CNBC.com (Nov 11, 2014)
at CNBC.com (Nov 4, 2014)
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