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BXS BancorpSouth Bank

28.76
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
BancorpSouth Bank NYSE:BXS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 28.76 0 01:00:00

Bancorp South, Cadence Merger Gets Final Regulatory Approval

15/10/2021 12:38pm

Dow Jones News


BancorpSouth Bank (NYSE:BXS)
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From May 2021 to May 2024

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By Matt Grossman

 

BancorpSouth Bank and Cadence Bancorporation have received final approval from the Federal Deposit Insurance Corp. for the deal to proceed, the companies said Friday.

The deal, announced in April, is scheduled to close at the end of October. The combined bank, which is to be called Cadence Bank with dual headquarters in Houston and Tupelo, Miss., would trade under ticker symbol CADE.

Cadence shareholders would receive 0.7 shares of BancorpSouth per Cadence share owned. Cadence shareholders will also get a special dividend to $1.25 a share.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

October 15, 2021 07:23 ET (11:23 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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