Wednesday, October 6, 2010, 12:56 PM
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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Asif Suria Cadence Financial Corporation Announces $144 Million Investment by CBC $CADE
3/7/11
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Alex B. Gray Cadence Financial CADE reported Q3 2010 a net loss of $7.5M or $0.63/diluted share vs. a net loss of $13.1M or $1.10/diluted share in 2009
11/10/10
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Alex B. Gray Trustmark $TRMK received notice that Cadence Financial $CADE has accepted another offer. TRMK received a $2M termination fee.
10/6/10
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Asif Suria Cadence Financial Corporation Agrees to Be Acquired by Community Bancorp LLC $CADE
10/6/10
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Alex B. Gray Cadence Financial $CADE to be acquired by Community Bancorp for $2.50 cash per share. The agreement with Trustmark $TRMK was terminated.
10/6/10
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Asif Suria Trustmark buys Cadence for $23.8 million in stock $CADE