We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
KeyCorp | NYSE:KEY | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.0893 | 0.60% | 14.9593 | 15.245 | 14.90 | 15.11 | 9,274,291 | 01:00:00 |
New York Gov. Andrew M. Cuomo on Wednesday asked federal regulators to block KeyCorp's proposed buyout of First Niagara Financial Group Inc. and threatened legal action, saying the deal would be devastating for Upstate New York.
The merger, Mr. Cuomo said, would cut competition and would "likely push consumers to rely on non-bank alternatives, such as payday loans and check-cashing, which come with higher consumer transaction costs."
Further, he said, it could cost thousands of jobs.
"Blocking this deal is the right thing to do--plain and simple," Mr. Cuomo said in a statement.
Cleveland-based Key disclosed in October it had agreed to buy First Niagara in a deal valued at about $4.1 billion.
Both companies have scheduled special meetings on March 23 for shareholders to vote on the proposal.
Representatives from the banks weren't immediately available for comment.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
February 10, 2016 16:55 ET (21:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
1 Year KeyCorp Chart |
1 Month KeyCorp Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions