BB&T and SunTrust | KeyCorp and First Niagara Financial Group | ||
[−1, +1] (6/2/2019-8/2/2019) | [−1, +1] (28/10/2015-30/10/2015) | ||
Expected return | (0.187%) | Expected return | 0.704% |
Actual return (Acquirer) | 3.246% | Actual return (Acquirer) | (10.683%) |
Actual return (Target) | 4.020% | Actual return (Target) | 1.624% |
Abnormal return (Acquirer) | 3.433% | Abnormal return (Acquirer) | (11.387%) |
Abnormal return (Target) | 4.207% | Abnormal return (Target) | 0.920% |
[−20, Close] (19/11/2021-9/12/2021) | [−20, Close] (8/7/2016-29/7/2016) | ||
Expected return | 0.474% | Expected return | 0.474% |
Actual return (Acquirer) | (0.924%) | Actual return (Acquirer) | 3.553% |
Actual return (Target) | (0.473%) | Actual return (Target) | 1.559% |
Abnormal return (Acquirer) | (1.398%) | Abnormal return (Acquirer) | 3.079% |
Abnormal return (Target) | (0.947%) | Abnormal return (Target) | 1.085% |