Scotiabank (BNS) agrees to buy the Canadian unit of ING for $3.1B, with the net investment...


Scotiabank (BNS) agrees to buy the Canadian unit of ING for $3.1B, with the net investment (after deducting excess capital at ING Bank of Canada) footing to $1.9B. To fund the purchase, Scotiabank will undertake a secondary of 29M shares at $52. BNS -2.1%, ING +1.7% AH. (PR)

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Comments (3)
  • MadisonGrog
    , contributor
    Comment (1) | Send Message
     
    Ouch! As a BNS shareholder I feel betrayed....
    29 Aug 2012, 06:34 PM Reply Like
  • Clayton Rulli
    , contributor
    Comments (3407) | Send Message
     
    Im a buyer at the secondary
    29 Aug 2012, 06:43 PM Reply Like
  • bancroftkid
    , contributor
    Comments (14) | Send Message
     
    An excellent Inquisition.
    30 Aug 2012, 08:09 AM Reply Like
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