BB&T Corp. (NYSE: BBT) announced Wednesday morning that it will acquire Susquehanna Bancshares Inc. (NASDAQ: SUSQ) in a $2.5 billion agreement. The deal is a cash-and-stock one in which Susquehanna shareholders will receive …
NEW YORK (MarketWatch) -- Susquehanna Bancshares' stock susq surged 34% in premarket trade Wednesday, after the Lititz, Penn.-based bank said it agreed to be acquired by BB&T Corp. BBT, +0.42% in a cash and stock deal valued at …
Under terms of the deal, BB&T offered $13 for each share of National Penn common stock, and shareholders could elect 0.3206 of a share of BB&T stock or a combination of cash and BB&T common stock. In a news release Monday, …
Ron Angle says he owns 70,000 shares of National Penn Bancshares stock and the deal to sell the Allentown bank to BB&T shortchanges shareholders. The price of $13 per share -- either in cash or as a fraction of a BB&T share -- …
National Penn had $9.6 billion in assets and $7 billion in deposits as of Sept. 30. BB&T also announced the deadline for National Penn holders of common stock and certain equity awards to elect their preferred payment for consideration will …
Stocks this week are off to a heavy start as investors await more speeches from nine U.S. Federal Reserve executives this week that could shed light on the timing of the quantitative easing (QE) taper. Three of those speeches are scheduled …
BB&T, the southeast regional bank that agreed Friday to buy assets from Colonial Bank, said it was making an offering of $750 million of its common stock. BB&T, shares of which were down 4.6 percent in midday trading, said the proceeds …
The BB&T Corporation said yesterday that it would acquire the Mainstreet Financial Corporation in a stock transaction valued at $554.3 million. The transaction will be accounted for as a pooling of interests, with an exchange ratio set at …
BB&T said Monday it has agreed to buy National Penn Bancshares for $1.8 billion. The price, equal to $13.00 a share, is a 19.0 percent premium over National Penn’s closing stock price Monday of $10.92 a share. Monday's announcement …
BB&T acquired Susquehanna in August. As recently as 2012, Fainor had expressed the bank's commitment to Boyertown. “We have no buildings today that we're vacating,” Fainor said in a November 2012 interview published in the Reading