in stock

The Ellisons’ proposal includes paying 80% cash to Warner shareholders and the rest in stock, according to two people familiar with the matter who weren’t authorized to comment.

That’s positive in two ways: It provides investors with more income to absorb declines in stock prices, and it gives the Fed more breathing room to cut rates.

“This is especially important for middle-income Americans, many of whom own their home, but don’t own much in stock,” he added.

“This is especially important for middle-income Americans, many of whom own their home, but don’t own much in stock,” he added.

Regional bank Huntington Bancshares said it would acquire southern counterpart Cadence for $7.4 billion in stock, the latest example of consolidation among lenders.