Pinnacle Financial Partners (PNFP) has disclosed a new risk, in the Corporate Activity and Growth category.
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Pinnacle Financial Partners faces significant risks if its proposed merger with Synovus fails to materialize. The company could see a decline in its stock price due to incurred costs such as legal and financial advisory fees that must be paid regardless of the merger’s completion. Additionally, the failure to merge could lead to negative reactions from financial markets, customers, and vendors, while management’s focus on the merger may have diverted attention from other beneficial opportunities. Furthermore, a termination of the merger agreement could result in a hefty $425 million fee payable to Synovus, exacerbating potential financial strain.
The average PNFP stock price target is $114.83, implying 27.70% upside potential.
To learn more about Pinnacle Financial Partners’ risk factors, click here.