Morgan Keegan’s brokerage force has stayed in wait-and-see mode as parent firm Regions Financial looks to sell that business, but that could all change if uncertainty about the firm’s future persists or if a new deal presents unfavorable terms, experts say.
More than six months after Regions Financial first put Morgan Keegan on the block, talks for its possible acquisition continue. Bloomberg News reported this week that Raymond James Financial has entered back into acquisition discussions alongside Stifel Financial Corp. It would be unlikely that either of those discussions would result in a deal before the end of the year, unnamed sources told Bloomberg.
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