Whitney Bank bought by Hancock

One certain winner should the deal go through is the U.S. taxpayer. As part of the deal Hancock will repay the U.S. Treasury's $300 million loan to Whitney, made two years ago at the depth of the financial meltdown.
There are signs of the same dynamics playing out early Wednesday. Hancock dropped 6%, while Whitney surged 29% -- but to just $14 and change, leaving it more than half a buck short of the implied takeover price and suggesting there's some doubt the deal will go through.
http://finance.fortune.cnn.com/2010/12/22/gulf-bank-merger-gets-soggy-reception/?source=yahoo_quote