Market Chatter: Synovus Financial Said to Mull Merger After Receiving Interest

MT Newswires Live
07/23

Synovus Financial (SNV) is considering a potential merger after drawing interest, Bloomberg reported Tuesday, citing people familiar with the matter.

The regional bank has recently had merger talks with at least one rival, the report said, citing the people.

Synovus did not immediately reply to a request for comment from MT Newswires.

Shares of Synovus Financial were up more than 8% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 60.06, Change: +4.53, Percent Change: +8.16

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