Some analysts have named First Niagara Financial as a potential target for a merger or acquisition after BB&T's move, which is one of just a handful of bank consolidation maneuvers in the past few years.
BB&T will buy Susquehanna in a cash-and-stock deal worth approximately $2.5 billion in order to expand its presence in New Jersey, Pennsylvania, Maryland and West Virginia. BB&T will pay 0.253 of its own shares and $4.05 in cash for each share of Susquehanna, according to the terms of the deal. The offer is worth about $13.75 a share as of Susquehanna's Tuesday closing price of $9.90.
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Separately, TheStreet Ratings team rates FIRST NIAGARA FINANCIAL GRP as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate FIRST NIAGARA FINANCIAL GRP (FNFG) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself."