Top Financial Shares:
Financial shares were mainly higher in early trade on Thursday.
In financial stocks news, First Horizon National ( FHN ) said Thursday it has agreed to acquire Capital Bank ( CBF ) in a cash and stock deal. Under the agreement, each holder of Capital Bank common stock will be entitled to receive cash or stock with a value equivalent to 1.750 First Horizon shares and $7.90 in cash for each Capital Bank share held.
Shares in the company were 4.4% lower at $18 in early trade. The stock has traded between $12.46 and $20.84 over the past 52 weeks.
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