Though very unlikely near term, I've always felt the highest probability scenario for an a BB&T takeover would be a large foreign bank, wanting to expand/create a US presence in the southeast. . They would want JAA a couple of years to make the transition . most of existing players would stay in place to run the various businesses (meeting JAA goal of keeping people who had built the company) . foreign bank would pay a better entry premium rewarding S/H. or . Jaa could/may have already decided he won't be the CEO that sells this 132 year old company (the board would make any decision on an offer anyway and an unfriendly deal will never happen) Just idle speculation on a sunny afternoon, no facts contained herein.