National City, KeyCorp Mull Merger: Report
National City
(NCC)
is considering selling itself to fellow Ohio-based regional bank
KeyCorp
, according to a published report Wednesday.
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The Wall Street Journal
reported on the development, citing people who are familiar with the situation. However, the paper reported, any deal could be "complicated by a range of factors and is far from certain to take place."
Also, should the merger take place, the combined firm might be in line to get capital from Kohlberg Kravis Roberts, the report said, again citing the people who have knowledge of the matter.
Market Not Banking On National City Deal |
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National City shares were gaining 2.6% to $10.25 in the premarket.
This article was written by a staff member of TheStreet.com.
