Morgan Keegan Bidders Said to Cut Offers in Wake of MF Globa

Morgan Keegan Bidders Said to Cut Offers in Wake of MF Globa

Elizabeth Deramus/Bloomberg

Buyout firms circling Regions Financial Corp.’s Morgan Keegan brokerage unit lowered bids by at least $200 million after financing markets deteriorated and MF Global Holdings Ltd. filed for bankruptcy, according to people with direct knowledge of the process.