Thu, Jul 31, 2014, 9:04 AM EDT - U.S. Markets open in 26 mins.


% | $
Click the to save as a favorite.

M&T Bank Corporation Message Board

  • scottstheone Oct 6, 2010 12:19 PM Flag


    "UPDATE 1-AIB may cut M&T stake price after Santander walks

    * Analysts expect M&T stake to be sold at a discount
    * Santander seen reaching its limit for acquisitions
    * AIB target of 2.5 bln euros from disposals looks tough
    * AIB shares down 4.2 percent, M&T shares fall 5 percent

    (Adds M&T Bank share price, details on sale)
    By Paul Hoskins and Steve Slater
    DUBLIN/LONDON, Oct 6 (Reuters) - Allied Irish Banks
    <ALBK.I>, once Ireland's biggest lender, might have to cut the
    sale price of its $2.2 billion stake in M&T Bank Corp <MTB.N>
    after Spanish lender Santander <SAN.MC> walked away.
    AIB <ALBK.L> shares were down 4.2 percent at 1100 GMT. M&T
    bank shares fell 5 percent in U.S. morning trading.
    AIB said on Tuesday that it would sell its 22 percent stake
    in M&T in a public offering underwritten by Morgan Stanley and
    Citigroup. The sale is expected after the close of markets on
    Wednesday, an underwriter said.
    The decision came after AIB failed to sell to Santander.
    The Spanish company last month agreed to buy the Irish bank's
    70 percent stake in Bank Zachodni <BZWB.WA>, Poland's third
    largest bank, as part of a 3.1 billion-euro deal.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
122.71Jul 30 4:02 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Whole Foods Market, Inc.
NasdaqGSWed, Jul 30, 2014 4:00 PM EDT
Yelp, Inc.
NYSEWed, Jul 30, 2014 4:00 PM EDT