We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Walking a tightrope

7 March 2017 By Antony Currie

Sterling Bancorp lost 5 pct of its market value even though cost cuts should cover the premium it’s paying for rival Astoria. The $2.2 bln price bakes in the buyer’s plan to swiftly triple its target’s poor returns, leaving no room for error. Even giddy investors can see that.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)