Reported 1 day ago
Synovus Financial Corp. (NYSE:SNV) saw its shares drop by 12.54% to $49.61 on Friday, marking the third consecutive day of decline as investors reacted to the company's planned $8.6 billion all-stock merger with Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). The merger will exchange Synovus shares for shares in a new Pinnacle parent company at a fixed ratio, and is expected to finalize in the first quarter of 2026, pending regulatory and shareholder approval.
Source: YAHOO