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Morgan Keegan deal gets a green light from the feds

The acquisition by Raymond James Financial Inc. of Memphis-based Morgan Keegan & Co. Inc. has a green light from the feds.

The antitrust division of the U.S. Dept. of Justice has granted an early termination of the necessary waiting period in connection with the deal, Raymond James announced in a regulatory filing Tuesday.

The company anticipates the deal, in which it will buy the Memphis investment firm for $930 million, to close on or about April 2.

Dansette

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