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Prosperity Bancshares Inc. Message Board

  • aceputseller2000 aceputseller2000 Dec 26, 2002 6:05 PM Flag

    ny times article

    looks like this baby is all wrapped up....i loaded up today bec with an uncertain market i'd rather park my money here and make a buck and a half by brainer...spread will start to close in a hurry

    "KOF executives said they expected the deal to close in three to four months and said they did not expect problems getting approval for the merger from government regulators.

    ``Basically we need to go through some of the antitrust regulations in each of the countries, and we don't foresee any problem in that...given that at the end of the day we are not buying a competitor or increasing our competitive strength in a specific territory,'' Jose Antonio Fernandez, chair of Femsa and KOF, said in a conference call with investors and analysts. ``It's buying a totally new geographic area.''

53.75+0.83(+1.57%)Jul 22 4:02 PMEDT