Hours after Pittsburgh-based F.N.B. Corp. announced a $1.4 billion deal of Yadkin Financial Corp., execs at both companies and faced analyst questions and falling stock prices. FNB (NYSE: FNB) stock closed Thursday at $11.99, down more than 9%. Shares in the Raleigh-based parent of Yadkin Bank (NYSE: YDKN) closed at $25.00, a dip of nearly 4%. On a conference call Thursday afternoon, analysts repeatedly questioned the geography — FNB skips over Virginia, expanding from Maryland into North Carolina…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/news/2016/07/22/fnb-ceo-why-we-skipped-virginia-and-went-straight.html?ana=RSS%26s=article_search
No comments:
Post a Comment