First Niagara (FNFG) announces a $450M share placement, representing about 17% of the regional...

|About: First Niagara Financial Gro... (FNFG)|By:, SA News Editor

First Niagara (FNFG) announces a $450M share placement, representing about 17% of the regional bank's current market value, as the company looks to raise funds to buy branches of HSBC Holdings (HBC). Shares -4.5% AH.