National Bank of Greece (NBG) Bid Rejected by Alpha Bank

Filed in Gold Bullion prices, National Bank of Greece, NBG, o by on February 18, 2011 0 Comments

The $3.8 billion unsolicited from National Bank of Greece SA (NYSE:NBG) for Alpha Bank SA, was rejected as an inadequate offer by Alpha’s board.National Bank of Greece SA is the largest in the country and Alpha Bank is the third-largest bank in Greece.When making the offer for Alpha on January 18, National Bank asked for Alpha to give the bid “serious consideration.” National Bank said the new

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National Bank of Greece (NBG) Bid Rejected by Alpha Bank

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