|
|
Article: Mergers & Acquisitions: Scott & Stringfellow Parent to Buy New Jersey-Based Bergen Capital.
- Article from:
- The Bond Buyer
- Article date:
- November 17, 2005
- Author:
CopyrightCOPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
BB&T Corp., the parent company for Richmond, Va.-based full service brokerage firm Scott & Stringfellow, this week announced it will acquire the brokerage and investment banking firm Bergen Capital Inc.
When the proposed merger is completed, Bergen Capital will become part of Scott & Stringfellow, but will continue to operate under its own name. The deal, which is subject to regulatory approval, is expected to close in the first quarter next year. Terms of the transaction were not disclosed.
"We're excited about adding a growing, high-quality firm known as much for its emphasis on client relationships as it is for putting together quality investment ...