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Cadence Financial (CADE +18.3%) backs out of a planned merger with Trustmark (TRMK -1.7%), as...

Cadence Financial (CADE +18.3%) backs out of a planned merger with Trustmark (TRMK -1.7%), as Community Bancorp offers 25% more than Trustmark's $24M to acquire Cadence. Community Bancorp has offered $38M to repurchase Cadence's TARP warrants and says the Treasury looks willing to sell at that price.
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