The transaction is sourced from an SEC EDGAR Form 8-K filing published on October 27, 2025. Based on the facts provided, the deal's status is pending regulatory approval.
On the financial advisory side, Keefe, Bruyette & Woods, A Stifel Company, served as the financial advisor to Cadence, the target, in the transaction. On the acquirer side, Evercore served as the financial advisor to Huntington, and BofA Securities also served as advisor to Huntington, meaning the acquirer had two separate financial advisors on the deal, as confirmed by a dedicated source sentence stating that BofA Securities also served as advisor to Huntington.
On the legal side, Sullivan & Cromwell LLP served as legal counsel to Cadence, the target, while Wachtell, Lipton, Rosen & Katz served as legal counsel to Huntington, the acquirer.
Beyond confirming that this is an all-stock merger with a disclosed value of 7,400,000,000 dollars, no further detail on the specific exchange ratio or other mechanics of the stock consideration is included in the facts available.
A number of elements of this deal remain undisclosed. No specific exchange ratio or other mechanics of the all-stock consideration are given beyond the aggregate disclosed value, and no expected closing date is provided. The facts also do not specify what regulatory approvals are required to complete the transaction.