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Fly News Breaks for May 23, 2016
SSS
May 23, 2016 | 08:50 EDT
BB&T says that Sovran's acquisition of LifeStorage, is "a net positive in the long-term." The firm says that the deal will increase Sovran's scale footprint, operating leverage, and lease-up opportunity. The firm thinks that the market's negative reaction to the concurrent financing used in the deal was overdone. It keeps a Buy rating on the shares.
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