|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||247.42 - 249.75|
|52-week range||176.49 - 253.88|
|Beta (5Y monthly)||0.70|
|PE ratio (TTM)||0.54|
|Earnings date||24 Jan 2024 - 29 Jan 2024|
|Forward dividend & yield||N/A (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).