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The Ademi Firm is probing Cadence Bank (NYSE: CADE) for potential breaches of fiduciary duty related to its upcoming transaction with Huntington Bancshares. The investigation focuses on whether Cadence is securing a fair price for its public shareholders in the deal, announced recently.
In the transaction, shareholders of Cadence Bank will receive 2.475 shares of common stock in exchange for each outstanding share of their stock. Based on the closing price of Huntington’s shares at $16.07 as of October 24, 2025, this consideration values Cadence shares at approximately $39.77 each. The Ademi Firm’s concerns are heightened by reports that Cadence insiders will continue to benefit significantly under change of control arrangements.
Investigation Focus and Shareholder Rights
The Ademi Firm’s investigation is centered around the actions of Cadence’s board of directors. The firm is questioning whether the board is adequately fulfilling its fiduciary responsibilities to all shareholders. Concerns have been raised regarding the transaction agreement, which reportedly imposes substantial penalties on Cadence if it considers competing bids, potentially limiting opportunities for shareholders.
The Ademi Firm specializes in shareholder litigation, particularly concerning buyouts and mergers. As part of its investigation, it has invited stakeholders to join the inquiry and seek further information. Interested parties can contact the firm directly, with no financial obligation for inquiries.
Attorney Guri Ademi stated, “We are committed to ensuring that all shareholders receive the value they deserve in any merger or acquisition.” This investigation underscores the importance of transparent practices in corporate governance and the protection of shareholder interests.
As developments unfold, the Ademi Firm continues to monitor the situation closely. Shareholders and interested parties are encouraged to stay informed about their rights and the implications of this transaction. For further details, stakeholders can reach out to the Ademi Firm via their toll-free number or email.
This investigation highlights the critical nature of fiduciary duties in corporate transactions and the need for careful scrutiny to protect the interests of shareholders.
