secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON BANCSHARES INC /MD/ (HBAN)
CIK:        0000049196
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0001140361-25-039871
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Huntington enters into merger agreement to acquire Cadence Bank for 2.475x stock exchange ratio
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- Each Cadence common share converted into 2.475 Huntington common shares; cash for fractional shares.
- Cadence preferred stock converted into new Huntington preferred series with materially equivalent terms.
- Three current Cadence directors, including CEO James D. Rollins III, to join Huntington board.
- Termination fee of $296 million payable under certain conditions if deal fails to close.
- Transaction subject to Huntington and Cadence shareholder approvals and regulatory clearances.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49196/000114036125039871/0001140361-25-039871-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49196/000114036125039871/ef20057903_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-039871

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