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BB&T Corporation (NYSE BBT) Gets Final Approval to Acquire Bank Atlantic (NYSE BBX)

BB&T Corporation (NYSE: BBT) has got the final approval for its acquisition of Bank Atlantic (NYSE: BBX). The deal was announced in November in order to expand BBT’s operations in South Florida. The transaction has been approved by the board of governors of the Federal Reserve System and the Federal Deposit Insurance Corporation along with […]

ThaiBev Gets Loan of $2.3 billion to Purchase 22% Stake in Fraser and Neave

Southeast Asian nation’s biggest brewer, Thai Beverage Pcl has won the loan facility of $2.8 billion from global banks in order to finance the buy a 22 percent stake in Fraser and Neave Ltd. ThaiBev is a wholly owned subsidiary International Beverage Holdings Ltd. HSBC Holdings, Standard Chartered and Sumitomo Mitsui Financial Group will provide […]

Terreno Realty Corporation (NYSE TRNO) Acquires Building in Redondo Beach, CA worth $14.2 Million

Terreno Realty Corporation (NYSE: TRNO), an industrial real estate, has acquired a property situated in Redondo Beach, California. The property’s cost was around $14.2 million. It includes a multi-tenant industrial building of around 103,000 square feet and is 100 percent leased to a tenant. Its located in South Bay submarket at Manhattan Beach Boulevard had […]

Moody’s Rates Closure of Lifestyle International Holdings Limited as Credit Negative

Analysts at Moody’s Investors Service rates the early termination of Lifestyle International Holdings Limited announced that the lease on its Tsim Sha Tsui SOGO department store in Hong Kong would be terminated early by the landlord, New World Development Company Limited (NWDC) has been credit negative. In a research note published yesterday, the analysts mention […]