11:11 ET Shareholder Alert: The Ademi Firm investigates whether Cadence Bank is obtaining a Fair Price for its Public Shareholders
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The Ademi Firm is investigating Cadence Bank (NYSE: CADE) for potential breaches of fiduciary duty related to its transaction with Huntington Bancshares. Shareholders will receive 2.475 shares of Huntington stock for each share of Cadence, implying a value of $39.77 per Cadence share. The investigation focuses on whether the Cadence board is fulfilling its fiduciary responsibilities, as the transaction limits competing offers and provides substantial benefits to insiders. The firm specializes in shareholder litigation regarding mergers and buyouts.
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