Binckbank gives no update on Alex as 9 months earnings beat estimates |
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Wed, 24 Oct 2007 07:48
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AMSTERDAM (Thomson Financial) - Binckbank NV declined to provide an update on the exclusive takeover talks over market peer Alex and reported 9 months earnings that bested estimates.The online bank's net result was 22.1 mln eur, up from 18.4 mln a year ago and beating analyst expectations of 19.2-20.2 mln eur.Revenues were 50.1 mln eur, up from 34 mln, while earnings per share came in at 0.72 eur, up from 0.60.Analysts had been looking for an update on talks with Rabobank, over Rabobank's Alex online banking unit. Recent reports in the media said that takeover discussions were revolving around a 400 mln eur acquisition price.By Kaj Leers, kaj.leers@thomson.comkel/salCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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BinckBank says in exclusive talks with Rabobank over acquisition of unit Alex 