Latest news with #SynovusFinancialCorp
Yahoo
3 days ago
- Business
- Yahoo
Pinnacle (PNFP) Falls 12% on $8.6-Billion All-Stock Merger with Synovus
We recently published . Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) is one of the worst-performing stocks on Friday. Pinnacle fell back below the $100 territory on Friday after six straight days of losses, as investors soured on its planned $8.6-billion all-stock merger with Synovus Financial Corp. In Friday's session alone, Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) slashed 12.10 percent of its share price to finish at $91.56 apiece. Charts on the computer Under the transaction, shares of Synovus and Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) will be converted into shares of a new Pinnacle parent company based on a fixed exchange ratio of 0.5237 Synovus shares per Pinnacle share. Additionally, Synovus Chairman, CEO, and President Kevin Blair will serve as the combined entity's president and CEO, while Terry Turner, president and CEO of Pinnacle, will serve as the chairman of the combined entity's board of directors. Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) said that the transaction is expected to close in the first quarter of 2026, subject to regulatory and shareholders' approvals. While we acknowledge the potential of PNFP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
4 days ago
- Business
- Bloomberg
Pinnacle Deal With Synovus Sparks Questions on Talent Retention
Pinnacle Financial Partners Inc., which has had success luring talent from rivals disrupted by mergers in recent years, raised similar concerns about its own prospects after announcing the biggest regional bank deal so far this year. Shares of Pinnacle had been one of the best performers among regional banks in the US. But the stock tumbled Friday on news that the company had reached a deal to combine with Synovus Financial Corp. in an all-stock transaction valued at $8.6 billion.
Globe and Mail
4 days ago
- Business
- Globe and Mail
SNV Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Synovus Financial Corp. Is Fair to Shareholders
Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Synovus Financial Corp. (NYSE: SNV) and Pinnacle Financial Partners is fair to Synovus shareholders. Under the terms of the proposed transaction, the shares of Synovus and Pinnacle shareholders will be converted into shares of a new Pinnacle parent company based on a fixed exchange ratio of 0.5237 Synovus shares per Pinnacle share. Upon closing of the proposed transaction, Synovus shareholders will own approximately 48.5% of the combined company. Halper Sadeh encourages Synovus shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@ or zhalper@ The investigation concerns whether Synovus and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Synovus shareholders; and (2) disclose all material information necessary for Synovus shareholders to adequately assess and value the merger consideration. On behalf of Synovus shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Bloomberg
22-07-2025
- Business
- Bloomberg
Synovus Weighs Potential Merger After Drawing Takeover Interest
Synovus Financial Corp., a regional bank in the southeastern US, is weighing options including a potential merger after drawing interest, people familiar with the matter said. The Columbus, Georgia-based bank is working with a financial adviser and has recently held merger talks with at least one rival, according to the people, who asked not to be identified because the details aren't public.
San Francisco Chronicle
16-07-2025
- Business
- San Francisco Chronicle
Synovus: Q2 Earnings Snapshot
COLUMBUS, Ga. (AP) — COLUMBUS, Ga. (AP) — Synovus Financial Corp. (SNV) on Wednesday reported second-quarter earnings of $217.7 million. The Columbus, Georgia-based bank said it had earnings of $1.48 per share. The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share. The holding company for Synovus Bank posted revenue of $902.5 million in the period. Its revenue net of interest expense was $590.4 million, which also beat Street forecasts. Five analysts surveyed by Zacks expected $583.8 million. _____
