Under the terms, Capital Bank owners will receive cash or stock with a value equivalent to 1.75 First Horizon shares and $7.90 in cash for each share of CBF they hold. Takeunder? That works out to $40.83 based on current pricing vs. CBF's close yesterday of $42.05.
The total transaction value comes to $2.2B based on last night's close.
Source: Press Release
CBF -5.2% premarket to $39.85
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