Shares of Synovus Financial (NYSE:SNV) dropped 12.1% as the company announced an $8.6 billion all-stock acquisition by Pinnacle Financial Partners, creating a $100 billion asset bank in the southeastern U.S. Investors reacted negatively, wary of large mergers like this. Pinnacle’s stock also fell after brokerages downgraded it due to deal execution risk. An investor rights law firm is investigating if the merger was fair to Synovus shareholders. The market’s perception of Synovus Financial shifted significantly due to this news. The stock is down 2.5% this year and trading below its 52-week high. Thematic investing can uncover promising growth stocks.

Read more at StockStory: Why Synovus Financial (SNV) Stock Is Trading Lower Today