Cadence Bank stock slips as Huntington deal countdown nears Feb. 1 close
Cadence Bank shares fell 1.7% to $42.11 Friday, widening their discount to the implied Huntington Bancshares takeover price ahead of the expected Feb. 1 merger close. Huntington ended up 1.1% at $17.48, raising the deal’s implied value to $43.26 per Cadence share. All regulatory approvals are in place, with final closing conditions pending. After-hours, Cadence rose to $42.41.