Key Developments: Pinnacle Financial Partners Inc (PNFP.O)

PNFP.O on Nasdaq

48.00USD
1 May 2015
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Latest Key Developments (Source: Significant Developments)

Pinnacle Financial Partners Inc announces agreement to acquire Magna Bank in Memphis
Tuesday, 28 Apr 2015 07:40pm EDT 

Pinnacle Financial Partners Inc and Magna Bank:Announced signing of definitive agreement for Pinnacle to acquire Magna via merger.Proposed merger of Magna with and into Pinnacle has been approved by each company's board of directors and is expected to close early in fourth quarter of 2015.Under terms of merger agreement, Magna shareholders will have right to elect to convert their outstanding shares of common stock into 0.3369 shares of Pinnacle's common stock plus cash in lieu of any fractional shares, or into cash payment equal to $14.32 per Magna share.Or into combination of 0.3369 shares of Pinnacle's common stock and $14.32 in cash at a ratio of 75 percent stock and 25 percent cash.Because maximum amount of stock and cash that Pinnacle will pay in the merger is capped at 75 percent and 25 percent, respectively, of Magna's outstanding shares, those Magna shareholders that elect either all stock or all cash may automatically have their elections adjusted.so that in aggregate, 75 percent of all Magna shares outstanding will be converted into shares of Pinnacle's common stock and 25 percent will be converted into cash.  Full Article

Pinnacle Financial Partners announces agreement to acquire CapitalMark Bank & Trust
Tuesday, 7 Apr 2015 06:12pm EDT 

Pinnacle Financial Partners:Signs a definitive agreement for Pinnacle to acquire CapitalMark via merger.Proposed merger of CapitalMark with and into Pinnacle has been approved by each company's Board of Directors and is expected to close late in the third quarter or early in the fourth quarter.Under terms of merger agreement, CapitalMark shareholders will have the option to either convert their outstanding shares of common stock into 0.50 shares of Pinnacle's common stock plus cash in lieu of any fractional shares;.Or to convert their shares into a cash payment equal to the product of 0.50 multiplied by the average trading price for Pinnacle's common stock on the Nasdaq Global Select Market for a 10-day period prior to the closing of the transaction.Provided that 90 pct of the consideration paid to the CapitalMark common shareholders shall be paid in shares of Pinnacle's common stock.Transaction is currently valued at about $187.0 mln based on Pinnacle's closing price on April 7.Comprised of stock consideration of about 3.3 mln shares of PNFP common stock and $16.4 mln in cash.Sterne, Agee & Leach, Inc. served as financial advisor to Pinnacle, and Bass, Berry & Sims PLC was Pinnacle's legal advisor.Raymond James Financial Services and Banks Street Partners acted as financial advisors to CapitalMark, and Butler Snow LLP was CapitalMark's legal advisor.  Full Article

Pinnacle Financial Partners Inc's Pinnacle Bank acquires interest in Bankers Healthcare Group
Wednesday, 4 Feb 2015 05:05pm EST 

Pinnacle Financial Partners Inc:Says its subsidiary, Pinnacle Bank, has acquired a 30 percent interest in Bankers Healthcare Group, LLC, a privately held company, for $75 mln.Sandler O'Neill + Partners, L.P. acted as financial advisor to Pinnacle Financial Partners, Inc. and Pinnacle Bank in connection with the transaction.  Full Article

Pinnacle Financial Partners, Inc. declares dividend
Tuesday, 20 Jan 2015 05:31pm EST 

Pinnacle Financial Partners, Inc:Declares a $0.12 per share cash dividend to be paid on Feb. 27.To common shareholders of record as of the close of business on Feb. 6, 2015.  Full Article

Pinnacle Financial Partners Inc declares cash dividend
Tuesday, 21 Oct 2014 05:51pm EDT 

Pinnacle Financial Partners Inc:Declares $0.08 per share cash dividend to be paid on Nov. 28, of record as of the close of business on Nov. 7.  Full Article

Pinnacle Financial Partners Inc declares cash dividend
Tuesday, 15 Jul 2014 05:15pm EDT 

Pinnacle Financial Partners Inc:Declares $0.08 per share cash dividend to be paid on Aug. 29 to common shareholders of record as of close of business on Aug. 8.  Full Article

Pinnacle Financial Partners Inc announces dividend
Tuesday, 15 Apr 2014 05:30pm EDT 

Pinnacle Financial Partners Inc:Approves $0.08 per share cash dividend to be paid on May 30 to common shareholders of record as of the close of business on May 9.  Full Article

Pinnacle Financial Partners Inc announces Q1 2014 dividend
Tuesday, 21 Jan 2014 05:52pm EST 

Pinnacle Financial Partners Inc:Says that its Board of Directors has approved an $0.08 per share cash dividend.Says the dividend is to be paid on Feb. 28, to common shareholders of record as of the close of business on Feb. 7.  Full Article

Pinnacle Financial Partners Inc Initiates Quarterly Dividend
Tuesday, 15 Oct 2013 05:35pm EDT 

Pinnacle Financial Partners Inc announced that Board of Directors has approved the initiation of a quarterly cash dividend to the Company`s common shareholders. The firm declared an $0.08 cash dividend to be paid on Dec. 20, 2013 to common shareholders of record as of the close of business on Nov. 26, 2013.  Full Article

Pinnacle Financial Partners Inc Added To NASDAQ Financial-100 Index
Monday, 24 Jun 2013 10:25am EDT 

Pinnacle Financial Partners Inc. announced that it has been added to the NASDAQ Financial-100 Index effective with today's trading.  Full Article

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