Deals
Raymond James Said to Near $930 Million Morgan Keegan Deal
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Raymond James Financial Inc. is nearing an agreement to buy Regions Financial Corp.’s Morgan Keegan brokerage unit for about $930 million in cash, said a person with knowledge of the matter.
Raymond James may tap Morgan Keegan Chief Executive Officer John Carson as its president and head of fixed income, said the person, who spoke on condition of anonymity because the talks are private. The St. Petersburg, Florida-based brokerage may be ready to disclose a deal as soon as this afternoon, according to the person.