Reported 1 day ago
Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) saw a significant 12.10% drop in its share price, closing at $91.56, following a planned $8.6 billion all-stock merger with Synovus Financial Corp. The merger will convert shares into a new parent company at a fixed exchange ratio. The deal, expected to close in early 2026, is currently awaiting regulatory and shareholder approvals.
Source: YAHOO