ING/VOYA underwriters exercise greenshoe option

|By:, SA News Editor

The move has the underwriters purchasing 4.95M additional shares of ING U.S. (VOYA) from ING at the offering price of $29.50 each. A nice move by the bankers - VOYA closed at $30.50 today.

ING's stake in VOYA will now be cut to 57%; it was 71% prior to the offering.

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