Business News • MarketWire • AIB Completes Disposal of the M&T Shareholding |
AIB Completes Disposal of the M&T Shareholding |
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AIB Completes Disposal of the M&T Shareholding
DUBLIN, IRELAND--(Marketwire - November 4, 2010) - Allied Irish Banks, p.l.c. ("AIB") (NYSE: AIB) has completed the disposal of 26,700,000 shares of common stock of M&T
Bank Corporation ("M&T") currently held by it ("M&T Shares"). Following
receipt of shareholder approval at AIB's Extraordinary General Meeting on 1
November 2010, the 26,700,000 contingent mandatorily exchangeable notes
("Notes") which AIB sold at US$77.50 per Note have been mandatorily
exchanged for the M&T Shares and the net proceeds of the Notes offering
have been released to AIB.
View More : http://www.marketwire.com/mw/release.do?id=1347386&sourceType=3
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