Aetna Continues Talks With ING; Also Begins Discussions With Additional Parties On Potential Sale of Financial Services and International Businesses.Business Editors HARTFORD Hartford, city (1990 pop. 139,739), state capital, Hartford co., central Conn., on the west bank of the Connecticut River; settled as Newtown 1635–36 on the site of a Dutch trading post (1633; abandoned 1654), inc. 1784. , Conn.--(BUSINESS WIRE)--June 16, 2000 Aetna (NYSE NYSE See: New York Stock Exchange : AET AET Aetna, Inc. AET After Extra Time AET Actual Evapotranspiration AET Alliance for Environmental Technology AET Alpha-Ethyltryptamine AET Applied Extrusion Technologies, Inc. ) today announced that, in addition to continuing discussions with ING Group ING Groep N.V. (NYSE: ING, Euronext: INGA) (known as ING Group) is a financial institution of Dutch origin offering banking, insurance and asset management services. ING once stood for Internationale Nederlanden Groep. on the possible sale of all or part of Aetna's financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and international businesses, it has also entered into discussions with other interested parties. Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. William H. Donaldson said, "We are continuing to talk with ING regarding their interest in Aetna's financial services and international assets. However, we have also received numerous expressions of interest in these assets from other potential acquirers. In view of our goal of delivering value to our shareholders, either through the separation or sale of these assets, we believe we also should evaluate these opportunities. At the same time, we are committed to taking into account the concerns of our customers, employees, and other important constituents. There can be no assurances that we will execute a definitive agreement to sell these businesses or what the terms of such an agreement would be." A Fortune 50 company, Aetna provides over 45 million people worldwide with quality products, services and information to help them manage best what matters most: their health and financial well-being. Information about Aetna is available at www.aetna.com. CAUTIONARY STATEMENT - Certain information in this press release is forward looking, including statements regarding the separation of Aetna Financial Services into an independent publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. and the possibility of a transaction with ING or other potential acquirors. The statements are subject to significant uncertainties, many of which are beyond Aetna's control. Important risk factors could cause actual future results of Aetna's businesses, the manner and time frame of accomplishing the proposed transactions and other future events to differ materially from those currently estimated by management. Those risk factors include, but are not limited to, the ability to successfully structure, negotiate and complete the proposed transactions on a timely basis. For further discussion of important risk factors that may materially affect management's estimates, please see the risk factors contained in Aetna's Securities and Exchange Commission filings, which risk factors are incorporated herein by reference. You also should read those filings, particularly Aetna's 1999 Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the SEC, for a discussion of Aetna's results of operations and financial condition. |
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