Breaking Finance News

Sterling Financial Seeking Buyers- Stock Soaring (STSA)

Shares of Sterling Financial (NASDAQ: STSA) are up more nearly 12 percent in early Tuesday trading after Bloomberg reported that it was seeking takeover bids from other banks.

According to sources that asked not to be identified, Sterling has held talks with at least two other potential buyers. With a market cap of more than $1.5 billion any deal would be among the largest of the more than 100 bank takeover deals announced this year.

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Disclosure: At the time of this writing, the author had no position in the company mentioned.

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