Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 398

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 398
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 or amended in connection with the Merger Agreement. Our opinion does not address the relative merits of the Merger as compared to other business or financial strategies that might be available to Huntington, nor does it address the underlying business decision of Huntington to engage in the Merger. We do not express any view on, and our opinion does not address, what the value of Huntington Common Stock actually will be when issued or the prices at which Huntington Common Stock will trade at any time, including following announcement or consummation of the Merger, as to the potential effects of volatility in the credit, financial and stock markets on Huntington or as to the impact of the Merger on the solvency or viability of Huntington or the ability of Huntington to pay its obligations when they come due. Our opinion does not constitute a recommendation to the Board of Directors or to any other persons in respect of the Merger, including as to how any holder of shares of Huntington Common Stock should vote or act in respect of the Merger. We are not expressing any opinion as to the prices at which shares of Cadence Common Stock will trade

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at any time, as to the potential effects of volatility in the credit, financial and stock markets on Cadence or the Merger or as to the impact of the Merger on the solvency or viability of Cadence or the ability of Cadence to pay its obligations when they come due. We are not legal, regulatory, accounting or tax experts and have assumed the accuracy and completeness of assessments by Huntington and its advisors with respect to legal, regulatory, accounting and tax matters. We have acted as financial advisor to Huntington in connection with the Merger and will receive a fee for our services, a portion of which is payable upon rendering this opinion and a substantial portion of which is contingent upon the consummation of the Merger. Huntington has also agreed to reimburse our expenses and to indemnify us against certain liabilities arising out of our engagement. During the two-year period prior to the date hereof, Evercore Group L.L.C. and its affiliates have provided financial advisory or other services to Huntington and received fees for the rendering of these services. In addition, during the two-year period prior to the date hereof, Evercore Group L.L.C. and its affiliates have not been engaged to provide financial advisory or other services to Cadence and we have not received any compensation from Cadence during such period. We may provide financial advisory or other services