M&A
confidence high
sentiment positive
materiality 0.70
SouthState shareholders approve merger with Independent Bank Group; 99.6% vote in favor
SouthState Bank Corp
- Merger Proposal approved with 63,116,968 votes for, 107,399 against, 205,885 abstain.
- Adjournment Proposal also approved: 57,182,177 for, 6,006,223 against, 241,852 abstain.
- Merger expected to close by end of Q1 2025, subject to regulatory and other conditions.
- Turnout: ~83.22% of outstanding shares (63.4M of 76.2M) voted at special meeting.