Hancock Whitney to Acquire Trustmark in Approximately $3.2 Billion All-Stock Transaction
Hancock Whitney (HWC) has entered into a definitive agreement to acquire Trustmark (TRMK) through an all-stock transaction valued at approximately $3.2 billion. Under the terms of the deal, Hancock Whitney will issue 0.7463 shares for each share of Trustmark held by its shareholders. Following the announcement during pre-market trading on Thursday, market reaction was mixed: Hancock Whitney (HWC) shares fell 10.18% to $65.01, while Trustmark (TRMK) shares rose 1.14% to $46.08. The transaction represents a significant consolidation within the regional banking sector.
Topics: acquisition banking sector merger stock price movement