do we get any rights to buy or shares of the new comp??? etc.. anyone
you get nothing...but you get to keep paying your premiums. Not like when Met Life or MONY demutualized and went public. Those shareholders got stock direct.
You get screwed as usual by ING
we reatin ownership for the % not sold in IPO, meanwhile we get $1.5 Billion, should go long way to paying off remaining loan to ECU, faster we do that , faster wecan act like normal bank, buyback shares, dividend etc.
its gonna suck for existing ING shareholders. we will be stuck with the European division which continues to lose money due issue in EU