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Oct 27, 2025 8:01 PM

Huntington Bancshares Expands Southward In $7.4B Cadence Bank Deal

Huntington Bancshares Incorporated (NASDAQ:HBAN) and Cadence Bank (NYSE:CADE) shares are going in opposite directions on Monday after the companies inked an acquisition deal for $7.4 billion.

Details

As per the deal, Huntington has agreed to an all-stock transaction where each share of Cadence common stock will be exchanged for $2.475 shares of Huntington common shares.

Using Huntington’s Oct. 24, closing price of $16.07, the deal is valued at $39.77 per Cadence share.

Also Read: These Analysts Boost Their Forecasts On Huntington Bancshares Following Strong Q3 Earnings

Subject to regulatory and shareholder approvals, the deal is expected to close in the first quarter of ...