Firms, including Blackstone Group, Carlyle Group and Stifel Financial, will submit their respective bids for Morgan Keegan, Reuters reports. Other potential buyers for the firm include TPG Capital, Apollo Global Management and Warburg Pincus.
The owner of Morgan Keegan, Regions Financial had appointed Goldman Sachs Group in June to explore strategic options for the brokerage unit. It had acquired Morgan Keegan in 2001 by paying a total of around $789 million.
Click here for the story from Reuters.