Market Overview

Raymond James To Acquire Morgan Keegan From Regions Financial

Regions Financial Corp (NYSE: RF) announced its plans to sell Morgan Keegan & Co and Southeast investment bank to Raymond James Financial Inc (NYSE: RJF) for $930 million in stock.

Regions Financial shares gained 2.13% to close at $4.80 yesterday, while Raymond James Financial shares fell 0.03% to close at $34.18 yesterday.

Posted-In: merger and acquisitionNews M&A

 

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