BB&T Corp. is buying SunTrust Banks Inc., a $66 billion merger that will create the nation’s sixth-largest bank. The banks called it a merger of equals, but BB&T (NYSE: BB&T) will buy SunTrust (NYSE: STI) for $28.24 billion in an all-stock deal. SunTrust shareholders will receive 1.295 shares of BB&T for each share they own. BB&T shareholders will own 57 percent of the combined company and SunTrust shareholders will own the rest. The new company, which will have a new, yet-to-be-determined…
from https://www.bizjournals.com/baltimore/news/2019/02/07/suntrust-bb-t-to-combine-in-66-billion-merger.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/182631029652
No comments:
Post a Comment