Previous Close | 249.00 |
Open | 248.40 |
Bid | 247.77 x 800 |
Ask | 248.99 x 1000 |
Day's Range | 247.31 - 249.48 |
52 Week Range | 174.45 - 254.00 |
Volume | |
Avg. Volume | 803,177 |
Market Cap | 53.546B |
Beta (5Y Monthly) | 0.70 |
PE Ratio (TTM) | 47.60 |
EPS (TTM) | 5.21 |
Earnings Date | Jan 24, 2024 - Jan 29, 2024 |
Forward Dividend & Yield | 2.20 (0.89%) |
Ex-Dividend Date | Nov 30, 2023 |
1y Target Est | 254.80 |
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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).