Union Planters Corp. will take nearly $40 million in special after-tax charges during the next few quarters to cover both internal restructuring and expenses related to its acquisition of Grenada Sunburst System Corp.

Memphis-based Union Planters made the announcement late Wednesday, leaving analysts scrambling at week's end to revise their earnings estimates. The timing of the charges depends on whether Union Planters is able to complete the Grenada Sunburst acquisition in the fourth quarter.

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