NEW YORK ( TheStreet) -- Synovus Financial's (SNV) reported plans to consider exploring a sale or merger may be challenging and will not likely translate into a premium for shareholders, according to analysts.
Synovus stock was down from $2.65 at the beginning of the week to $2.50 Thursday at close.
"The market's translation is that the buyers have put substantial marks on the loan portfolio," said Adam Barkstrom, managing director of equity research at Sterne Agee. "I think some
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