Deals of the day: Hancock Whitney to buy Trustmark in $3.2 billion deal
TRMK•Hancock Whitney will buy Trustmark in an all-stock deal valued at about $3.2 billion. BP is reportedly in talks to sell a stake in a Brazilian oil block, while Santander raised its offer for the remaining stake in its Brazilian unit.
1. Hancock Whitney deal
Hancock Whitney will buy smaller peer Trustmark in an all-stock deal valued at about $3.2 billion, the Mississippi-based banks announced.
2. Oil and banking talks
BP is reportedly in talks with Petrobras to sell a stake in its Bumerangue oil block off Brazil’s coast. Santander raised by 5% the exchange ratio in its €1.9 billion ($2.1 billion) offer to acquire the roughly 10% stake in its Brazilian unit that it does not already own.
3. Other reported deals
Serco said it would buy the U.S. business of QinetiQ for $292 million. Indonesia’s Pertamina is in the process of acquiring a new oil field in South America, deputy chief executive Oki Muraza told members of parliament.
