Previous close | 246.97 |
Open | 248.40 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 247.42 - 249.75 |
52-week range | 176.49 - 253.88 |
Volume | |
Avg. volume | 1,481 |
Market cap | 454.46M |
Beta (5Y monthly) | 0.70 |
PE ratio (TTM) | 0.54 |
EPS (TTM) | 4.56 |
Earnings date | 24 Jan 2024 - 29 Jan 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Cadence (CADE) announces the closure of the sale of Cadence Insurance to Arthur J. (AJG) for $904 million in cash.
Cadence Bank ("Cadence" or the "Company") (NYSE: CADE) announced it has closed the previously disclosed sale of its insurance operations, Cadence Insurance, Inc. ("Cadence Insurance"), to Arthur J. Gallagher & Co. ("Gallagher") (NYSE: AJG) for $904 million in cash, subject to customary purchase price adjustments. The transaction will be effective at 11:59 p.m. CT today.
Arthur J. Gallagher & Co. today announced it has completed the previously disclosed acquisition of Baton Rouge, Louisiana-headquartered Cadence Insurance, Inc. (Cadence Insurance), a wholly-owned subsidiary of Cadence Bank (NYSE: CADE).