BB&T $28.24 billion acquisition of SunTrust Banks

7/2/2019
Public acquisition

$ 28.24 billion

Announced

7/2/2019


Overview:

  • BB&T has acquired SunTrust Banks in a $28.24 billion deal. 
  • The all-stock merger makes the new entity the sixth-largest lender in the US. 
  • The combined company is valued at $66 billion. 
  • Goldman Sachs acted as financial adviser for SunTrust. 
  • The transaction is expected to close by the fourth quarter of 2019. 

Kurt Stumpo - US Editor

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