CYBG Cements Merger With Virgin Money; Earnings Upside Impresses, but So Does Integration Risk
As expected, the boards of U.K. regional bank CYBG and Virgin Money U.K. have agreed to merger terms, with CYBG making an all-share takeover offer valuing Virgin Money at GBP 1.7 billion. Based on CYBG’s numbers, the combined entity is well positioned to benefit from strong earnings growth, but we are concerned with the significant increase in merger integration risks, the risks of overpaying, and risks involved in the planned rebranding of the iconic “establishment†Clydesdale and Yorkshire bra...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.