Core Insights - The Ademi Firm is investigating Cadence for potential breaches of fiduciary duty and other legal violations related to its transaction with Huntington Bancshares [1][3] - Cadence shareholders will receive 2.475 shares of Huntington common stock for each share of Cadence, implying a value of $39.77 per Cadence share based on Huntington's closing price of $16.07 on October 24, 2025 [2] - The transaction agreement restricts competing offers for Cadence by imposing significant penalties for accepting alternative bids, raising concerns about the Cadence board's fiduciary responsibilities [3] Company and Industry Summary - The investigation by the Ademi Firm focuses on the conduct of Cadence's board of directors in relation to their fiduciary duties to shareholders amidst the transaction with Huntington Bancshares [1][3] - The deal structure suggests that Cadence insiders will continue to receive substantial benefits as part of the change of control arrangements [2]
Shareholder Alert: The Ademi Firm investigates whether Cadence Bank is obtaining a Fair Price for its Public Shareholders