Who could benefit the most in FNB-Yadkin buy

As Pittsburgh’s FNB Corp (NYSE: FNB) prepares to buy Raleigh’s Yadkin Financial (NYSE: YDKN) in a deal worth $1.4 billion, a group of North Carolina's banking elite are readying for a payday. Deal terms value Yadkin shares at $27.35. And that means Raleigh banking entrepreneur Adam Abram’s 522,809 shares would be worth a cool $14.3 million. That’s about a million more than his stake is currently worth if you use Tuesday’s closing price of $25.30. Abram, who sits on Yadkin’s board, is…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/blog/bank_notes/2016/07/who-could-benefit-the-most-in-fnb-yadkin-buy.html?ana=RSS%26s=article_search