Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 192

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 192
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 reasonably capable of being completed on the terms proposed; provided, in each case, that for purposes of the definition of “superior proposal,” the references to “25%” in the definition of Cadence acquisition proposal or Huntington acquisition proposal will instead refer to “50%”. Additionally, for purposes of the merger agreement, “intervening event” means any material effect, change, circumstance, event or occurrence that (i) was not known to or reasonably foreseeable by the board of directors of Cadence or Huntington, as the case may be, on the date of the merger agreement (or if known, the material consequences of which were not known to or reasonably foreseeable by the board of directors of Cadence or Huntington, as the case may be, as of the date of the merger agreement), and (ii) that does not relate to or involve (a) any Cadence acquisition proposal or Huntington acquisition proposal, (b) any effect, change, circumstance, event or occurrence relating to the other party or any of its subsidiaries unless it would reasonably be likely to have, either individually or in the aggregate, a material adverse effect on such other party, or (c) the mere fact, in and of itself, of Cadence or Huntington meeting, exceeding or failing to meet earnings projections or internal financial forecasts or changes after the date hereof in the market price or trading volume of the common stock or credit rating of Cadence or Huntington (it being understood that the underlying cause of any of the foregoing in this clause (c) may be considered and taken into account to the extent otherwise permitted by this definition).

Cadence or Huntington will adjourn or postpone the Cadence special meeting or Huntington special meeting, respectively, if, as of the time for which such meeting is originally scheduled, there are insufficient shares of Cadence common stock or Huntington common stock, respectively, represented (either in person or by proxy) to constitute a quorum necessary to conduct the business of such meeting, or if on the date of such meeting, Cadence or Huntington, respectively, has not received proxies representing a sufficient number of shares necessary to obtain the requisite Cadence vote or the requisite Huntington vote, respectively. Notwithstanding anything to the contrary in the merger agreement, unless the merger agreement has been terminated in accordance with its terms, each of the Cadence special meeting and the Huntington special meeting will be convened and the merger agreement and the merger will be submitted to the shareholders of Cadence at the Cadence special meeting and the shareholders of Huntington at the Huntington special meeting,