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Fly News Breaks for March 16, 2015
BBNK, WAL
Mar 16, 2015 | 06:50 EDT
After Western Alliance (WAL) agreed to buy Bridge Capital Holdings (BBNK) in a combined stock/cash deal valued at $425M, RBC Capital thinks the deal was reasonably priced and should significantly increase Western Alliance's earnings over time. The firm raised its price target on Western Alliance to $33 from $30 and keeps an Outperform rating on the shares.
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