State Street Corp.

NYSE:STT   3:59:55 PM EDT
88.45
+2.71 (+3.16%)
4:00:00 PM EDT: $88.50 +0.05 (+0.06%)
Other Pre-Announcement

State Street To Acquire Brown Brothers Harriman Investor Services

Published: 09/07/2021 10:36 GMT
State Street Corp. (STT) - State Street to Acquire Brown Brothers Harriman Investor Services.
State Street to Acquire Brown Brothers Harriman Investor Services.
State Street Corp - Deal for $3.5 Billion in Cash.
State Street Corp - Bbh Investor Services Employees Will Move to State Street.
State Street Corp - As a Result of Anticipated Earnings Growth From Transaction, State Street is Now Targeting an Increased Pre-tax Margin of 31%.
State Street Corp - Acquisition is Expected to Be Accretive to Earnings per Share in Year 1.
State Street - Expects Deal Will Be Financed Through Equity Issuance, Suspension of Share Repurchases Before Resuming During 2q22, Cash on Hand.
State Street - Expects Deal to Be Primarily Financed Through Common Equity Issuance, Suspension Share Repurchases Before Resuming in Q2 2022, Cash on Hand.
State Street Corp - Estimates Fully-phased in Expense Synergies of $260 Million in Year 3 From Deal.