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December 11, 2013
09:03 EDTSTISunTrust signs agreement to sell RidgeWorth Capital Management
SunTrust has reached a definitive agreement to sell the company's asset management subsidiary, RidgeWorth Capital Management, to RidgeWorth employees and an investor group led by a private equity fund managed by Lightyear Capital. The sale is expected to close during Q2 2014. RidgeWorth and its five institutional asset management boutiques collectively manage approximately $50.6B in assets. As of September 30, RidgeWorth contributed approximately $25M to SunTrust's year-to-date net income. The sale price consists of up to $245M to be paid at closing with the potential for up to $20M in additional proceeds based on retention of certain assets. SunTrust estimates the after-tax gain on the transaction to be $50M.
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April 22, 2014
14:30 EDTSTISunTrust raises quarterly dividend to 20c from 10c per share
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10:00 EDTSTIOn The Fly: Analyst Initiation Summary
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07:52 EDTSTISunTrust coverage assumed with an Outperform at Oppenheimer
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April 21, 2014
06:06 EDTSTISunTrust reports Q1 revenue $2.03B, consensus $2.01B
Reports Q1 net interest income $1.2B.
06:04 EDTSTISunTrust reports Q1 EPS 73c, consensus 66c
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April 17, 2014
15:29 EDTSTINotable companies reporting before Monday's open
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