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National Bank of Greece (NBG +5.3%) offers to buy Alpha Bank (ALBKY.PK +24.5%) in an all-stock...

National Bank of Greece (NBG +5.3%) offers to buy Alpha Bank (ALBKY.PK +24.5%) in an all-stock deal that values Alpha at a 23.4% premium to its Thursday close. The merger would create the largest bank in Greece.
Comments (3)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    In the natural world 2 negatives make a positive.

     

    In the banking world (unnatural) this is not the case.
    18 Feb 2011, 09:54 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2178) | Send Message
     
    Both banks are insolvent...brilliant. Double down on the TBTF.
    18 Feb 2011, 10:11 AM Reply Like
  • herbert hoover
    , contributor
    Comments (2005) | Send Message
     
    Tomorrow's headline:

     

    Bank of America makes tender offer for Citi in all stock transaction. Laughable at best. Sad in reality
    18 Feb 2011, 10:24 AM Reply Like
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