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ING unloading the rest of its Voya stock

Mar. 03, 2015 4:39 PM ETVoya Financial, Inc. (VOYA) StockBy: Stephen Alpher, SA News Editor4 Comments
  • The total number of shares of NYSE:VOYA being sold by ING Group is expected to be 45.6M. Part will be in an underwritten stock offering, and Voya will also purchase $600M worth (13.6M shares) directly from the bank.
  • Following the completion of the deals, ING will have fully exited its 19% stake in Voya, though will continue to hold warrants for 26M shares struck at $48.75.
  • Source: Press Release
  • Voya -0.2% after hours

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