News In Brief

Amsouth Bancorp said it will acquire First American Corp. in a stock swap valued at about $6.3 billion. Under an agreement between the companies, stockholders of Nashville, Tenn.-based First American will receive 1.871 shares of AmSouth stock in exchange for each share of First American. The deal would create a Southeast financial-services company with $40 billion in assets and 680 branches in nine states.

Liberty Media Group said it will buy The Associated Group Inc., a cellular-phone and telecommunications company, in a $3 billion stock deal. Associated co-founded and holds a roughly 41 percent interest in Teligent Inc., a provider of broadband communications services to small and medium-size firms. Liberty Media, a cable-TV programmer, belongs to AT&T.

In the first union of an online broker and an online bank, Palo Alto, Calif.-based E+Trade Inc. said it would buy Telebanc Financial Corp. in a stock deal valued at about $1.8 billion. Under terms of the accord, E+Trade will exchange 2.1 of its shares for each share of Telebanc. The latter is based in Arlington, Va.

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.