BB&T, SunTrust Shareholders Approve Merger

Date : 07/30/2019 @ 5:02PM
Source : Dow Jones News
Stock : SunTrust Banks Inc (STI)
Quote : 70.58  0.0 (0.00%) @ 8:59AM

BB&T, SunTrust Shareholders Approve Merger

BB and T (NYSE:BBT)
Historical Stock Chart

6 Months : From May 2019 to Nov 2019

Click Here for more BB and T Charts.
   By Allison Prang 
 

Shareholders of BB&T Corp. (BBT) and SunTrust Banks Inc. (STI) approved the companies' plans to merge.

SunTrust said Tuesday that 99% of its shares voted were in favor of the deal. BB&T said over 98% of shares voted were in favor.

BB&T and SunTrust are expecting the deal to close either late this quarter or next quarter, they said.

The regional banking companies announced the stock deal in February. The companies' merger is supposed to be the largest bank deal since the financial crisis. It was valued at $28.2 billion when it was announced.

BB&T said over 96% of its shares voted were in favor of the name for the combined company, Truist.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

July 30, 2019 12:47 ET (16:47 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest STI Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.