Allied Irish Banks (AIB)

[mlkrborn]

12:29PM Allied Irish Banks confirms it completed sale of stake in Bank Zachodni WBK S.A. (AIB) 2.82 +0.42 : Co confirms that it has completed the disposal of its 70.36% stake in Bank Zachodni WBK S.A. to Banco Santander S.A. (STD) and the sale of its 50% stake in BZ WBK AIB Asset Management S.A. following the settlement of the tender offer by Santander and completion of the transaction. AIB received total sale proceeds of approximately EUR3.1 billion which has generated a benefit of c. EUR2.5bn equivalent to core tier one capital.

12:19PM LogMeIn confirms U.S. Court grants co's motion for summary judgment of non infringement in patent infringement case (LOGM) 48.57 +6.41 : The court indicated a written order will follow. The court indicated it has removed the May 2nd trial from the case calendar. (see 11:31 comment)