BB and T (NYSE:BBT)
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6 Months : From May 2019 to Nov 2019
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.
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(END) Dow Jones Newswires
July 30, 2019 12:47 ET (16:47 GMT)
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