BB&T-BankAtlantic Deal Forbidden
On Monday, Judge J. Travis Laster of Delaware Court of Chancery gave his judgement over the lawsuit filed by the investors in the trust-preferred securities (TruPS) debt under the BB&T-BankAtlantic deal. The judge has permanently prohibited the deal under which, BankAtlantic, a wholly owned subsidiary of BankAtlantic Bancorp Inc. (NYSE:BBX), was supposed to sell most [...]
On Monday, Judge J. Travis Laster of Delaware Court of Chancery gave his judgement over the lawsuit filed by the investors in the trust-preferred securities (TruPS) debt under the BB&T-BankAtlantic deal. The judge has permanently prohibited the deal under which, BankAtlantic, a wholly owned subsidiary of BankAtlantic Bancorp Inc. (NYSE:BBX), was supposed to sell most of its banking assets to BB&T Corporation (NYSE:BBT).
Earlier on November 1, 2011, BB&T announced its plan to acquire … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards