CTG - Banking consolidation does not come cheap - AGM Note
  • 2015-04-14T00:00:00
  • Company Research
CTG kicks off what will be a series of bank AGM where the pricing of M&A transactions will be announced. In the case of CTG it is a merger with PG Bank to be fully funded by script on a ratio of 0.9 CTG shares for every 1 PG Bank share (≈USD226mn using today’s close).