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mercredi 30 novembre 2022
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Statement from State Street Corporation on Brown Brothers Harriman Investor Services Acquisition
State Street Corporation (NYSE: STT) today announced that it has mutually agreed with Brown Brothers Harriman Co. (BBH) to terminate State Street’s proposed acquisition of BBH’s Investor Services business. After consideration of both regulatory feedback and potential transaction modifications to address that feedback, State Street has determined that the regulatory path forward would involve further delays, and all necessary approvals have not been resolved. The proposed modified transaction structure was increasingly complex, presented additional operational risk to State Street and would limit the anticipated transaction benefits relative to original expectations. It would also include delays in the timing and potential limits to the amount of deal synergies....
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