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An update from KeyCorp (KEY) is now available.
KeyCorp announced a significant financial move with The Bank of Nova Scotia agreeing to make a strategic minority investment of $2.8 billion in the company. This deal will see The Bank of Nova Scotia acquiring shares at $17.17 each, amounting to a 14.9% stake in KeyCorp’s outstanding common shares post-transaction, signaling a robust vote of confidence in KeyCorp’s market position and future.
Find detailed analytics on KEY stock on TipRanks’ Stock Analysis page.