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Tuesday, June 7, 2011

Market Corporate Finance Digest, (BP), (TNBP), (ROSN), (NYSE: GE), (NYSE: COF), (ING), (NYSE: ING)

The following corporate finance-related stories were reported on Tuesday: * BP Plc (BP.L) is preparing to sell half of its 50 percent stake in Russia's third-largest oil producer TNK-BP (TNBP.MM) to state-controlled Rosneft (ROSN.MM), the Wall Street Journal reported. * General Electric Co (GE.N) and Capital One Financial Corp (COF.N) have submitted offers for ING's (ING.AS)(ING.N) U.S. online banking operations in a deal worth about $9 billion, Bloomberg reported.

General Electric Company (GE) is a technology and financial services corporation. Shares of GE remained unchanged at $18.46. In the past year, the shares have traded as low as $13.75 and as high as $21.65. On average, 53440500 shares of GE exchange hands on a given day and today's volume is recorded at 0.

Capital One Financial Corporation is a diversified financial services holding company. Shares of COF remained unchanged at $50.73. In the past year, the shares have traded as low as $36.10 and as high as $56.26. On average, 3843460 shares of COF exchange hands on a given day and today's volume is recorded at 0.

ING Groep N.V. (ING) is a global financial institution offering banking, investments, life insurance and retirement services to meet the needs of the customers. Shares of ING remained unchanged at $11.64. In the past year, the shares have traded as low as $7.02 and as high as $13.41. On average, 2141300 shares of ING exchange hands on a given day and today's volume is recorded at 0.



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