Thursday, April 20, 2017

Equity Trader Alert #2017 - 86
Information Regarding the Merger of Cardinal Financial Corporation (CFNL) and United Bankshares, Inc. (UBSI).


  • Industry Announcement

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At a special meeting held on April 7, 2017 shareholders of Cardinal Financial Corporation (CFNL) approved the proposed merger of the company with and into United Bankshares, Inc. (UBSI). The merger is anticipated to become effective on Friday, April 21, 2017.

The details are as follows:

Company: Cardinal Financial Corporation
Issue: Common Stock
CUSIP#: 14149F109
Symbol: CFNL
Marketplace Effective Date for Suspension: April 24, 2017
Merger Consideration: 0.71 shares of common stock of United Bankshares, Inc. (UBSI) for each share held.

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