Pinnacle Financial, Synovus to combine in deal value at $8.6B

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Synovus Financial Corp. building, Spartanburg

Pinnacle Financial (NASDAQ:PNFP) and Synovus FInancial (NYSE:SNV) announced an agreement to combine in all-stock transaction valued at $8.6 billion. Shares of Synovus fell 9.2% in after hours trading, while Pinnacle dropped 5%.

Under the terms of the agreement, the shares of

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