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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 |
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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