IBF deal to give it 100% of bank - Taipei Times
IBF Financial Holdings Co (國票金控) is to acquire all EnTie Commercial Bank (安泰銀行) shares through a cash-and-share swap to secure a bigger space in the banking market, IBF said yesterday. Under the deal, which was approved by IBF’s board of directors earlier yesterday, each EnTie shareholder is to receive NT$9.46673 in cash and 0.493344 class A preferred shares in IBF for each EnTie share, it said. The class A shares could be converted into IBF common shares after one year, it said. The offer is valued at NT$17.21 per share, a premium of 1.2 percent over EnTie’s closing share ...
Source: taipeitimes.com
