Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 195

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 195
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 in a violation of its fiduciary duties under applicable law, provided that, prior to, or concurrently with providing any nonpublic information permitted to be so provided, Cadence has provided such information to Huntington, and has entered into a confidentiality agreement with such third party on terms, in all material respects, no less favorable to it than the confidentiality agreement between Huntington and Cadence, which confidentiality agreement may not provide such person with any exclusive right to negotiate with Cadence. Cadence has also agreed to, and to use reasonable best efforts to cause its officers, directors, agents, advisors and representatives to, immediately cease and cause to be terminated any activities, discussions or negotiations conducted before the date of the merger agreement with any person other than Huntington with respect to any Cadence acquisition proposal. In addition, Cadence has agreed to promptly (and in any event within one (1) business day) advise Huntington following receipt of any Cadence acquisition proposal, and the substance thereof (including the material terms and conditions of and the identity of the person making such inquiry or Cadence acquisition proposal) and will keep Huntington reasonably apprised of any related developments, discussions and negotiations on a current basis, including any amendments to or revisions of the material terms of such inquiry or Cadence acquisition proposal. Cadence will use its reasonable best efforts, subject to applicable law and the fiduciary duties of the board of directors of Cadence, to enforce any existing confidentiality or standstill agreements to which it or any of its subsidiaries is a party in accordance with the terms thereof. Nothing contained in the merger agreement will prevent either party or its board of directors from complying with Rule 14d-9 and Rule 14e-2 under the Exchange Act with respect to an acquisition proposal or from making any legally required disclosure to such party’s shareholders; provided that such rules and disclosures will in no way eliminate or modify the effect that any action pursuant to such rules or any such disclosures would otherwise have under the merger agreement. Conditions to Completion of the Merger Huntington’s, Huntington National Bank’s and Cadence’s respective obligations to complete the merger are subject to the satisfaction or waiver, at or prior to the effective time, of the following conditions:

| • | approval of the issuance of Huntington common stock in connection with the merger by the shareholders of Huntington by the requisite Huntington vote and approval of the merger agreement by the shareholders of Cadence by the requisite Cadence vote; |

| • | the shares of Huntington common stock and depositary shares in respect of new Huntington preferred