ING Group said on Monday that it plans to sell approximately 30 million shares—over $900 million of stock—in ING U.S., which represents an 11.5 percent stake in its U.S.-based retirement, investment and insurance arm. The sale, the proceeds of which will go towards reducing the group’s core debt, would cut ING Group’s stake in ING U.S.... Read More...
The U.S. Treasury announced more CPP securities auctions on Wednesday in six institutions—part of its strategy to wind down Troubled Assets Relief Program assets. Centrue Financial Corp. in Ottowa, Ill., will handle 25,266 shares at $325 per share, with aggregate gross proceeds totaling $8.21 million. DeSoto County Bank in Mississippi is... Read More...
MediSwipe, which provides technology solutions for the medicinal marijuana industry and 800 Commerce—an online directory and mobile marketing firm—announced on Monday that shares will be distributed to investors on Sept. 3. The 800 Commerce shares to be distributed to MediSwipe shareholders on a pro rata basis are fully registered and will... Read More...
JetPay signed an agreement last week to receive up to $40 million from Flexpoint Ford, a private equity firm that specializes in financial services and healthcare, through Flexpoint's purchase of Series A convertible preferred stock. “It is our plan to become the vendor of choice for businesses in need of the most advanced technologies in... Read More...
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