As Synovus Preps for a Major Merger, One Fund Buys Up $7.5 Million in Stock

A merger-driven scale jump may be the catalyst Synovus investors have been waiting for—but only if the bank can execute.New York City-based Kintayl Capital initiated a new position in Synovus Financial Corp. (SNV +1.33%), adding 152,144 shares valued at approximately $7.5 million, as disclosed on November 14.What HappenedAccording to a filing with the Securities and Exchange Commission dated November 14, Kintayl Capital LP reported initiating a new position in Synovus Financial Corp. The fund acquired 152,1 ...