Hancock, Whitney shareholders to vote on merger
by Associated Press
Published: April 29,2011
GULFPORT — Hancock Holding Co.’s proposed buyout of its longtime Gulf Coast banking rival, New Orleans-based Whitney Holding Corp., will be judged today by shareholders of both companies.
Separate shareholder meetings are scheduled to decide whether to go along with Hancock’s $1.5-billion stock-for-stock deal to acquire Whitney. Both groups have to approve.
The companies also are awaiting federal banking approval. Hancock hopes to close the acquisition during the current fiscal quarter.
The combined bank will have about $20 billion in assets and about $16 billion in total deposits.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Hood clarifies opinion on open-carry gun law
- IKE TROTTER: There are primary changes in Social Security for 2014
- Expert on airlines predicts Jackson-Evers will keep remaining carriers
- C Spire launches next phase of 1-gig service rollout
- Court to hear case involving alligators and ExxonMobil
- MAN OF STEEL: Madhu Ranade leading Severstal Columbus
- Alcorn's finances being investigated; CFO resigns
- Officials hand mayor projects list totaling $57.7M
- Public meeting called to mull future of convention center
- Town given Obamacare insurance break, but faces additional costs in 2015