Shareholder Alert: The Ademi Firm investigates whether Synovus Financial Corp. is obtaining a Fair Price for its Public Shareholders

Core Points - The Ademi Firm is investigating Synovus for potential breaches of fiduciary duty and other legal violations related to its transaction with Pinnacle Financial Partners [1] - In the transaction, Synovus shareholders will receive shares of a new Pinnacle parent company at a fixed exchange ratio of 0.5237 Synovus shares per Pinnacle share, equating to a Synovus per share value of $61.18 [2] - Post-transaction, Synovus shareholders will own approximately 48.5% and Pinnacle shareholders will own approximately 51.5% of the combined entity [2] - Synovus insiders are set to receive substantial benefits as part of change of control arrangements [2] - The transaction agreement imposes significant penalties on Synovus for accepting competing bids, raising concerns about the board's fulfillment of fiduciary duties to all shareholders [3]