BB&T Corp. has announced plans to buy CGSC North America Holdings Corp., also known as Swett & Crawford, from Cooper Gay Swett& Crawford. BB&T (NYSE:BBT) will pay $500 million for the wholesale insurance broker in a cash deal. The transaction is expected to close in the first half of this year. "This represents a compelling opportunity to further build BB&T Insurance with the addition of a world-class company with a strong and talented team of industry specialists," said John Howard, chairman and…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/blog/bank_notes/2016/02/yet-another-acquisition-for.html
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