CYBG Lodges Bid for Virgin Money U.K., But Deal Is Far From Certain; FVE Unchanged at AUD 5.50
We like CYBG Plc’s proposed merger with Virgin Money U.K., but acknowledge the bid is preliminary and there is no certainty a formal offer will be made. Under the proposal, CYBG would acquire all Virgin Money’s ordinary shares, swapping 1.1297 new CYBG shares for each Virgin Money share. Based on the two banks’ prices on May 4, 2018, when CYBG closed at GBX 318 and Virgin Money closed at GBX 312.4, CYBG’s proposal implies a valuation of GBX 359 per share for Virgin Money, or a 15% premium to Vir...
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.