ALLIANZ and DRESDNER BANK have revealed the terms of their alliance. Estimated at around EUR 23.4 billion, for nearly 80% of the bank's capital that ALLIANZ does not yet hold, the transaction provides for one ALLIANZ share plus 200 euros in cash to be exchanged for ten DRESDNER BANK shares. With a stock exchange capitalisation of EUR 104 billion, the new entity will be among the five world leaders of asset management with 20 million clients. The offer will be made jointly by ALLIANZ and a...