There's no shortage of irony in bank M&A.
From mid-November to late January, Synovus Financial Corp.'s shares soared as much as 54%, to $2.99, from an 11-month low of $1.94, largely on takeover speculation, experts say. For Synovus' shareholders, all well and good, except no deal has happened yet, and the run-up may in fact be why.
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