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Fly News Breaks for November 2, 2015
FNFG, KEY
Nov 2, 2015 | 08:45 EDT
After KeyCorp (KEY) announced a definitive agreement to acquire First Niagara Financial Group (FNFG) for $4.1B, BMO Capital says that the deal does not create significant value for KeyCorp's franchise, while KeyCorp's total book value will be diluted by 12% and its stock buyback program will be temporarily halted. BMO keeps a $16 price target and Outperform rating on KeyCorp.
News For KEY;FNFG From the Last 2 Days
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