Yahoo Financeยท2025-10-27 17:25Core Viewpoint - Huntington Bancshares is acquiring Cadence Bank for $7.4 billion in an all-stock deal, marking a significant move in the regional banking sector [1][4][6] Group 1: Acquisition Details - The acquisition will provide Cadence investors with 2.475 shares of Huntington stock for each share they own, valuing Cadence shares at $39.77, which is a 9% premium over its previous closing price [3] - The deal is expected to close in the first quarter of 2026 [3] Group 2: Strategic Significance - This acquisition will enhance Huntington's presence in key markets, particularly in Texas, Mississippi, Alabama, and Arkansas, making it the largest bank in Mississippi and a top 10 bank in Alabama and Arkansas by deposits [4][5] - Following the merger, Huntington will operate in 21 states and cover 12 of the top 25 metropolitan statistical areas in the U.S., indicating a substantial expansion of its market footprint [5] Group 3: Market Reaction - Following the announcement, shares of Cadence Bank rose approximately 3%, while Huntington's shares fell by 4% [1][6] - Year-to-date, Cadence Bank shares have increased by 10%, whereas Huntington Bancshares shares have decreased by 4% [6]