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The National Bank of Greece (NBG) makes it official with an all-share bid to buy Eurobank...

The National Bank of Greece (NBG) makes it official with an all-share bid to buy Eurobank Ergasias SA. The combined bank will have assets totaling in access of 177.7B euros ($231B). NBG, already the largest lender in Greece, will offer 58 new shares for every 100 shares of Eurobank. At present, 43.6% of Eurobank shareholders have agreed to tender their shares.
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Comments (4)
  • stocknerd
    , contributor
    Comments (1275) | Send Message
     
    Greece will not leave the EU nor be forced out, which I am sure will anger all the conservatives with their simple rules of life scenario. But don't worry the Greek people are paying for all their sins. No country on Earth has more austerity. Ah austerity, what the haves always prescribe to others.
    6 Oct 2012, 03:26 AM Reply Like
  • Know Nothing and Do Nothing
    , contributor
    Comments (111) | Send Message
     
    When Japanese banks had financial problems before, they also merged and combined together one by one and shrank the activities. We see the same scenario here.
    When will that come to USA?
    6 Oct 2012, 09:57 AM Reply Like
  • 1980XLS-2.0
    , contributor
    Comments (525) | Send Message
     
    Where did they get the money to buy anything?
    6 Oct 2012, 07:12 PM Reply Like
  • Know Nothing and Do Nothing
    , contributor
    Comments (111) | Send Message
     
    Japanese is skillful to re-assess the value(raise it higher) of the real estate holdings and give out more loans (money).
    7 Oct 2012, 11:23 AM Reply Like
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