Shareholder Alert: The Ademi Firm investigates whether Synovus Financial Corp. is obtaining a Fair Price for its Public Shareholders
Shareholder Alert: The Ademi Firm investigates whether Synovus Financial Corp. is obtaining a Fair Price for its Public Shareholders |
| [24-July-2025] |
MILWAUKEE, July 24, 2025 /PRNewswire/ -- The Ademi Firm is investigating Synovus (NYSE: SNV) for possible breaches of fiduciary duty and other violations of law in its transaction with Pinnacle Financial Partners.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, shareholders of Synovus will receive shares of a new Pinnacle parent company based on a fixed exchange ratio of 0.5237 Synovus shares per Pinnacle share, representing a Synovus per share value of $61.18. Following the transaction close, Synovus shareholders will own approximately 48.5% and Pinnacle shareholders will own approximately 51.5% of the combined company. Synovus insiders will receive substantial benefits as part of change of control arrangements. The transaction agreement unreasonably limits competing transactions for Synovus by imposing a significant penalty if Synovus accepts a competing bid. We are investigating the conduct of the Synovus board of directors, and whether they are fulfilling their fiduciary duties to all shareholders. We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes. Contacts Ademi & Fruchter LLP
SOURCE Ademi LLP | ||
Company Codes: NYSE:SNV |
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