Raymond James announced that the antitrust division of the U.S. Department of Justice has granted early termination of the waiting period in connection with the firm’s proposed acquisition of Morgan Keegan & Co. and MK Holding, Inc.
Raymond James agreed to buy Memphis, Tenn.-based Morgan Keegan on January 11 from Regions Financial Corp. in a stock deal worth $930 million. The acquisition is expected to close in April, subject to other pending regulatory approvals.
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