Huntington ($HBAN) and Cadence signed a Merger Agreement Oct 26, 2025; deal contemplates a 2.475 exchange…
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Huntington ($HBAN) and Cadence signed a Merger Agreement Oct 26, 2025; deal contemplates a 2.475 exchange ratio. Form S‑4 declared effective Dec 3, 2025 and joint proxy mailed Dec 3. Special shareholder meetings set for Jan 6, 2026 🏦🗳️ #Mergers #Banking
Two lawsuits (Jones v. Cadence, filed Dec 10; Parshall v. Cadence, filed Dec 11, 2025) in NY Supreme Court and shareholder demand letters allege disclosure deficiencies. Huntington and Cadence deny merit but are supplementing the proxy to avoid delay ⚖️ $HBAN #Litigation #Proxy
Cadence will pay KBW 0.55% of aggregate merger consideration — ~ $42M based on an assumed Huntington stock price of $15.86; $4M paid on opinion, balance contingent on closing. Supplemental valuation ranges disclosed (P/TBV ~0.97–2.39x; P/LTM EPS 3.8–21.3x) 💸📊 $HBAN #Valuation #M&A