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Stock Market & Financial Investment News

News Breaks
February 27, 2014
07:08 EDTBBT, SNV, FNMA, TRMKFederal Reserve Bank of Atlanta to hold a conference
2014 Banking Outlook Conference is being held in Atlanta on February 27.
News For FNMA;SNV;TRMK;BBT From The Last 14 Days
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November 19, 2014
07:51 EDTBBTClearing House Payments Company to hold a conference
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November 17, 2014
07:11 EDTSNVStephens to hold a field trip
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November 12, 2014
16:23 EDTBBTOn The Fly: Closing Wrap
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13:58 EDTBBTBB&T acquisition 3% accretive, says Wells Fargo
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12:38 EDTBBTOn The Fly: Midday Wrap
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09:43 EDTBBTSusquehanna downgraded to Underperform at Boenning & Scattergood
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09:21 EDTBBTOn The Fly: Pre-market Movers
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07:53 EDTBBTBB&T to host conference call
Conference call to discuss acquisition of Susquehanna Bancshares will be held on November 12 at 8:30 am. Webcast Link
07:28 EDTSNVBofA/Merrill to hold a conference
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07:04 EDTBBTBB&T to acquire Susquehanna Bancshares for approximately $2.5B
BB&T (BBT) and Susquehanna (SUSQ) announced the signing of a definitive agreement under which BB&T will acquire Susquehanna in a cash and stock transaction for total consideration valued at approximately $2.5B.In connection with the acquisition, BB&T plans to establish three new banking regions encompassing certain markets in Pennsylvania and New Jersey. BB&T also plans to integrate its Baltimore region with Susquehanna's. These four regions are expected to be led by legacy Susquehanna executives. Under the terms of the agreement, which was approved by the boards of each company, shareholders of Susquehanna will receive as merger consideration 0.253 shares of BB&T common stock and $4.05 in cash for each share of Susquehanna common stock. The merger consideration is valued at $13.50 per share based on the average closing price of BB&T over the 45 trading days ending on November 10, 2014. BB&T expects to incur pre-tax merger and integration costs of approximately $250M and expects to achieve annual cost savings of approximately $160M. BB&T expects this acquisition to be accretive to earnings per share in the first full year excluding one-time charges and expects the transaction to exceed its IRR hurdle. This acquisition is subject to customary closing conditions including regulatory approvals and approval of Susquehanna shareholders.
07:02 EDTBBTBB&T to acquire Susquehanna Bancshares for approximately $2.5B
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