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
07/02/201514:19:05Statement of Changes in Beneficial Ownership (4)
07/02/201514:19:05Statement of Changes in Beneficial Ownership (4)
07/02/201514:19:05Statement of Changes in Beneficial Ownership (4)
07/02/201514:19:05Statement of Changes in Beneficial Ownership (4)
07/02/201514:19:05Statement of Changes in Beneficial Ownership (4)
07/01/201512:00:00Bard to Host Earnings Conference Call on July 23, 2015
06/25/201507:30:00 The New England Journal of Medicine publishes LEVANT 2 results...
06/18/201513:37:45Current Report Filing (8-k)
06/16/201515:57:35Annual Report of Employee Stock Plans (11-k)
06/10/201516:06:00Bard Announces $500 Million Share Repurchase Authorization
06/10/201516:05:00Bard Increases Quarterly Dividend
06/09/201511:50:00CMS Further Improves Reimbursement for Lutonix DCB for Outpatient...
05/28/201516:27:35Specialized Disclosure Report (sd)
05/26/201510:45:00Bard to Present at Jefferies Healthcare Conference
05/20/201512:15:10What Is the S&P 500 Index?
05/06/201506:04:28Current Report Filing (8-k)
05/05/201510:30:00Bard to Present at the Bank of America Merrill Lynch Healthcare...
04/29/201517:37:36Statement of Changes in Beneficial Ownership (4)
04/29/201517:37:36Statement of Changes in Beneficial Ownership (4)
04/26/201503:00:38C.R. Bard Stock Rating Reaffirmed by Brean Capital (BCR)

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