Cadence Bank rises as Huntington Bancshares looks to acquire it in $7.4B deal

Core Viewpoint - Cadence Bank's shares increased by over 3.3% in premarket trading following Huntington Bancshares' agreement to acquire the regional lender in an all-stock deal valued at $7 billion [1] Company Summary - The acquisition involves Huntington Bancshares purchasing Cadence Bank, which is based in Houston and Tupelo [1] - The deal is structured as an all-stock transaction, indicating that shareholders of Cadence Bank will receive shares of Huntington Bancshares in exchange for their shares [1]