BB&T (BBT +0.6%) agrees to take on the obligation of BankAtlantic’s (BBX +95.3%) $285M in...

|By:, SA News Editor

BB&T (BBT +0.6%) agrees to take on the obligation of BankAtlantic’s (BBX +95.3%) $285M in trust-preferred securities to close the bank's takeover of the Florida lender following a judge’s recent ruling that blocked the deal because of the securities. BBT says its $301M deal for BBX has been made “even more compelling” by the improving economy in Florida.