Cadence Bank to sell insurance operations.
BANKING AND CREDIT NEWS-October 25, 2023--Cadence Bank to sell insurance operations
(C)2023 M2 COMMUNICATIONS http://www.m2.co.uk
Global Banking News - 25 October 2023
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US-based Cadence Bank (NYSE: CADE) has announced plans to sell the insurance operations of Cadence Insurance.
The firm will be selling the operations to Arthur J Gallagher & Co (NYSE: AJG) for USD904m. The deal is to be closed in cash. The money from the sale is to be used by the firm to reinvest into its...
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