Seeking Alpha

ING upsizes sale of ING U.S. stake

  • ING is no longer majority owner of ING U.S. (VOYA) after its sale of about 37.76M shares, including 7.26M shares repurchased by VOYA, takes its stake down to roughly 43%. The amount sold was upsized from an originally expected 33.76M shares.
  • "In light of the changes to the composition of the ING U.S. board of directors resulting from ING Group ceasing to be a majority stockholder of ING U.S," the annual meeting set for May 28 has been postponed. A new date will be announced in the future.
  • Press release
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