Pinnacle Financial Partners Announces Agreement to Acquire Magna Bank in Memphis
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Hilliard Lyons Upgrades Pinnacle Financial Partners (PNFP) to Buy
April 30, 2015 1:24 PM EDTHilliard Lyons upgraded Pinnacle Financial Partners (NASDAQ: PNFP) from Neutral to Buy.
For an analyst ratings summary and ratings history on Pinnacle Financial Partners click here. For more ratings news on Pinnacle Financial Partners click here.
Shares of Pinnacle Financial Partners closed at $48.60 yesterday.
... MorePinnacle Financial Partners (PNFP) to Acquire Magna Bank in Cash, Stock Deal
April 29, 2015 6:47 AM EDTPinnacle Financial Partners (Nasdaq: PNFP) and Magna Bank (Magna) jointly announced the signing of a definitive agreement for Pinnacle to acquire Magna via merger. The proposed merger of Magna with and into Pinnacle has been approved by each companys Board of Directors and is expected to close early in the fourth quarter of 2015. Completion of the transaction is subject to satisfaction of customary closing conditions, including the receipt of required regulatory approvals and the approval of Magnas shareholders.
Magna, which is headquartered in Memphis, TN, reported $595.0 million in total assets and $452.1 million... More
