paresh1

New York, New York – Allied Irish Banks, plc. (ADR) (NYSE:AIB) plunged 7.81% to $1.18 on over 10.18 million shares. The company priced a public offering of 26,700,000 contingent mandatorily exchangeable notes due November 15, 2010, in connection with the proposed disposal of its approximately 22.4% shareholding in M&T Bank Corporation at a price of $77.50 per Note, raising net proceeds...