Also written by Jonathan Garber:
General Electric Slashes its Divided by 50%
x hide permanently

Breaking News: BB&T and SunTrust are Joining Forces in a $66 Billion Deal That'll Create the US's 6th Largest Bank

Stock Market Data Today

SunTrust Banks and BB&T have agreed to a $66 billion merger that will create the sixth-largest US bank.

The deal pays SunTrust shareholders 1.295 BB&T shares for each SunTrust share they own, according to a joint statement released Thursday morning. BB& T shareholders will own about 57% of the combined company...

Mentions: Merger Bloomberg Bank