Huntington Bancshares to Acquire Cadence Bank for $7.4 Billion in a Transformational Deal
This acquisition diversifies Huntington's asset base and geographic reach, historically boosting stock performance post-merger.
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This acquisition diversifies Huntington's asset base and geographic reach, historically boosting stock performance post-merger.
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Huntington Bancshares acquires Cadence Bank for $7.4 billion in stock. The merger strengthens Huntington's presence in the Southern U.S. Post-announcement, Cadence's shares increased by over 3.3%. The deal positions Huntington as a top 10 bank with $276 billion in assets.
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