Seeking Alpha

Synovus Financial (SNV) prices its near 60M share secondary at $3.09 each for gross...

Synovus Financial (SNVprices its near 60M share secondary at $3.09 each for gross proceeds of about $175M. As announced last night, the holding company is using the money (plus proceeds from a preferred stock offering, plus a $680M dividend from the bank) to pay back Treasury for TARP. Shares +3.6% premarket to $3.20.
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