Raymond James Reportedly In The Running For Morgan Keegan Despite Earlier Denials Hot

ScottMartinScottMartin  
 
0.0 (0)
Write Review

 

Back in September, Raymond James executives said Morgan Keegan would be a great cultural fit but the firm was overpriced as a straight bolt-on acquisition. At the time, they weren't interested

 

Now, however, the rumors are back.

 

If true, this tells us one thing: Morgan parent Regions Financial has gotten desperate enough to bring the price down to interest potential buyers.

 

Otherwise, Stifel -- the only known bidder left at this point -- would get the firm.

 

Morgan Keegan advisors aren't terribly pleased at that prospect, since culturally they are not all that similar to Stifel's growing broker-dealer network.

 

Raymond James may actually be a white knight here. If, of course, the rumors are true.

This Website Is For Financial Professionals Only


User reviews and Comments

There are no user reviews/comments for this listing.
Already have an account? or Create an account