Boenning & Scattergood Downgrades First Niagara Financial (FNFG) to Underperform

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. META
2. TSLA
3. IBM
4. TXN
5. MRNA
6. SAP
7. CSX
8. LRCX
9. MRK
10. LVS

Go back to Boenning & Scattergood Downgrades First Niagara Financial (FNFG) to Underperform

KeyCorp to Acquire First Niagara Financial Group

October 30, 2015 6:30 AM EDT

CLEVELAND, Oct. 30, 2015 /PRNewswire/ -- KeyCorp (NYSE: KEY) and First Niagara Financial Group  (NASDAQ: FNFG) announced today that they have entered into a definitive agreement under which KeyCorp will acquire First Niagara in a cash and stock transaction for total consideration valued at approximately $4.1 billion.

First Niagara, headquartered in Buffalo, N.Y., has $39 billion in assets and $29 billion in deposits and 394 banking offices in New York, Pennsylvania, Connecticut and Massachusetts.  With approximately $135 billion of assets, the combined bank will be the 13th largest commercial... More