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Fly News Breaks for September 23, 2015
KEY, BBT, NYCB, FNFG
Sep 23, 2015 | 13:30 EDT
Boenning & Scattergood analyst Matthew Schultheis says First Niagara (FNFG) "is not selling at the top of its game" and that any potential buyout would likely be around $12 per share. The stock is trading up $1.14 to $10.10 after media reports stated the company has hired JPMorgan to explore a possible sale. Potential suitors for First Niagara include New York Community Bancorp (NYCB), BB&T (BBT), KeyCorp (KEY) and a large Canadian bank, Schultheis tells investors in a research note. He keeps a Neutral rating on First Niagara.
News For FNFG;NYCB;BBT;KEY From the Last 2 Days
KEY
Mar 18, 2024 | 18:22 EDT
The company states: "KeyCorp (KEY) announced a forward flow origination partnership with Blackstone (BX) Credit & Insurance focused on Key's Specialty Finance Lending group. SFL is a leading asset-based lender serving clients nationally across middle market, growth capital, transportation, equipment, and other verticals. In connection with the partnership, Blackstone and Key closed a transaction on a seed portfolio of middle market fund finance facilities. Key will continue to originate, hold, and provide asset management services for new commitments across all sectors."