SOUTHERN REGIONAL BANKS Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : SOUTHERN REGIONAL BANKS

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Martin Wormser who wrote ()	11/14/1997 3:47:00 PM
From: Martin Wormser	Read Replies (1) of 77

Good stragety or what????? martin Thursday November 6 10:24 PM EST AmSouth seen as good First Union fit-report NEW YORK, Nov 6 (Reuters) - AmSouth Bancorp is viewed by money managers as a good takeover play amid a consolidation of U.S. regional banks, and it is seen as a good fit for First Union Corp (FTU), Business Week reported. Banks have been making acquisitions at four to five times book value, leading one money manager to tell the magazine that AmSouth is worth up to $85 a share at five times book value. AmSouth, which has about $18.4 billion in assets at its 275 offices, has been trading near its 52-week high of 51-5/8, closing at 51-9/16 Thursday. First Union has assets of $140 billion and operates 1,200 offices in the eastern United States. AmSouth has 275 branches in four southern states. First Union and AmSouth were not immediately available for comment.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next