on April 6disclosed the prorated results of National Penn Bancshares Inc. shareholders' mergerconsideration election.
Those who votedin favor of cash will see approximately 39.58% of their National Penn sharesconverted into $13.00 per share, without interest. Their remaining shares willeach be converted into 0.3206 of a BB&T share, plus cash in lieu offractional shares, based on a price of $33.47 per BB&T share.
Shareholderswho either voted to receive stock or did not make a valid election at all willreceive the stock consideration. The terms of the deal called for70% of the total consideration to be paid in stock and 30% to be paid in cash.
TheBB&T-National Penn merger closed April 1.