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ING Asks Investors To Disregard Its Premature Stock Sale Announcement

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Mani
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ING Groep NV (NYSE:ING) has asked investors to disregard the regulatory filing outlining its plans to sell more shares in its U.S. life insurance unit it mistakenly filed earlier today.

ING Groep Logo

In today’s premature filing, the Dutch financial-services major announced its intention to sell roughly 33 million shares of common stock of ING U.S., Inc.

ING’s 6-k filing

In its filing with the U.S. Securities and Exchange Commission posted before 7 a.m. in New York, the Dutch insurance giant said it planned to sell 33 million shares of the New York-based ING U.S. Inc, with a total value of...

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports