ADVFN - Advanced Financial Network.
HOME» NYSE » B » BCR Stock Price » BCR Stock News

Bard C R Share News

 Bard (c.r.), Inc. Stock Price
BCR Stock Price
 Bard (c.r.), Inc. Stock Chart
BCR Stock Chart
 Bard (c.r.), Inc. Stock News
BCR Stock News
 Bard (c.r.), Inc. Company Information
BCR Company Information
 Bard (c.r.), Inc. Stock Trades
BCR Stock Trades

Erste Group Bank To Buy 24.12% Stake In Romania Unit

FRANKFURT -(Dow Jones)- Austrian bank Erste Group Bank AG (EBS.VI) said Wednesday it will acquire 24.12% stake in its unit Banca Comerciala Romana S.A. (BCR.YY) for about EUR435 million in cash and stock, after reaching an agreement with four of the five minority shareholders. "It has always been our strategy to hold the highest possible stake in our subsidiaries and we are glad to have now this possibility also in Romania," Chief Financial Officer Manfred Wimmer said. The bank reached a deal with SIF Banat Crisana, SIF Transilvania, SIF Muntenia and SIF Oltenia to buy 2.62 billion shares in BCR saying the cash portion of the deal will be financed from retained earnings, while the share swap will be funded by issuing up to 16.1 million new shares over the course of the transaction using existing capital. The deal is subject to the successful completion of the respective SIF corporate approval processes. After the deal, Erste Group's stake in BCR will increase to 93.52% from 69.4% stake it held previously, while the participating SIF's will hold up to 1.0% stake in Erste Group after the deal. The bank has been in discussions with BCR's five minority shareholders over alternatives to listing the unit on the Bucharest stock exchange, and with this deal the participating SIFs will waive their rights to request the listing of BCR, as well as to special dividends, Erste Bank said. -By Neetha Mahadevan, Dow Jones Newswires; +49 69 29 725 500, neetha.mahadevan@dowjones.com

Stock News for Bard C R (BCR)
DateTimeHeadline
06/13/201408:51:38U.S. Hot Stocks: Hot Stocks to Watch
11/15/201308:47:28ValueAct Capital Management LP 3Q 13F: Holdings As Of Sep 30
11/15/201308:18:57Farallon Capital Management 3Q 13F: Largest Eliminations
11/15/201308:18:52Farallon Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:07:30Two Sigma Investments 3Q 13F: Largest Eliminations
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Eliminations -2-
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Purchases
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Sales
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Largest Purchases
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Holdings As Of -2-
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Largest -2-
11/15/201307:04:49Bridgewater Associates LP 3Q 13F: Holdings As Of Sep 30
09/04/201309:35:09U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
06/28/201310:54:22Boston Scientific to Buy C.R. Bard Unit for $275 Million
10/25/201218:32:16High-Grade-Bond Market Absorbs $3.9 Billion of New Deals
06/05/201212:53:24J&J to Stop Selling Surgical Mesh Amid Lawsuits, Concerns -AP
04/21/201200:20:37MARKET SNAPSHOT: U.S. Stock Gains Hinge On Apple, Blue-chip Results
01/04/201216:13:14FDA Orders Post-Market Testing Of Surgical Mesh Amid Safety Concerns
12/21/201109:10:36US Stock Futures: HOT STOCKS TO WATCH
10/26/201107:57:35US Stock Futures Higher On Optimism Ahead Of EU Summit

Bard C R and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad