Blackstone, Carlyle Among Bidders for Morgan Keegan

Private equity firms Blackstone Group and the Carlyle Group, TPG Capital, Apollo Global Management and Warburg Pincus are among those interested in buying Morgan Keegan, the brokerage unit of Regions Financial Corp., Reuters reported. The firms, as well as Stifel Financial Corp., are expected to submit bids for Morgan Keegan Monday. Morgan Keegan has a book value of about $1.5 billion, Reuters wrote.

25 July 2011•3 mins read
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