Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 104

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 104
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 the merger agreement, the Cadence board of directors did not quantify or assign any relative weights to the factors considered, and individual directors may have given different weights to different factors. The Cadence board of directors considered all these factors as a whole in evaluating the merger agreement, the merger and the other arrangements contemplated by the merger agreement. For the reasons set forth above, the Cadence board of directors determined that the merger agreement and the arrangements contemplated by the merger agreement are advisable and fair to and in the best interests of Cadence and its shareholders, and adopted the merger agreement and approved the merger and the other arrangements contemplated by the merger agreement. In considering the recommendation of the Cadence board of directors, you should be aware that certain directors and executive officers of Cadence may have interests in the merger that are different from, or in addition to, interests of shareholders of Cadence generally and may be deemed to create potential conflicts of interest. The Cadence board of directors was aware of these interests and considered them when evaluating and negotiating the merger agreement, the merger and the other arrangements contemplated by the merger agreement, and in recommending to Cadence’s shareholders that they vote in favor of the Cadence merger proposal. See the section entitled “The Merger—Interests of Cadence’s Directors and Executive Officers in the Merger.”

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It should be noted that this explanation of the reasoning of the Cadence board of directors and all other information presented in this section is forward-looking in nature and, therefore, should be read in light of the factors discussed in the section entitled “Cautionary Statement Regarding Forward-Looking Statements” on page 31. For the reasons set forth above, the Cadence board of directors unanimously recommends that the holders of Cadence common stock vote “FOR” the Cadence merger proposal and “FOR” the other proposals to be considered at the Cadence special meeting . Opinion of Huntington’s Financial Advisor Huntington retained Evercore to act as its financial advisor in connection with the merger. As part of this engagement, the Huntington board of directors requested that Evercore evaluate the fairness, from a financial point of view of the exchange ratio pursuant to the merger was fair, from a financial point of view to Huntington. At a meeting of the Huntington board of directors held on October 26, 2025, Evercore rendered to the Huntington board of directors its oral opinion, subsequently confirmed by delivery of a written opinion dated October 26, 2025, that as of the date of such opinion and based upon