|Bid||247.77 x 800|
|Ask||248.99 x 1000|
|Day's Range||247.31 - 249.48|
|52 Week Range||174.45 - 254.00|
|Beta (5Y Monthly)||0.70|
|PE Ratio (TTM)||47.60|
|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).