TD Bank and First Horizon call off $13.4-billion merger deal

Play Video

The deal, which valued First Horizon at US$13.4 billion when it was announced in February 2022, was called off because thedid not have clarity on if and when they would get the regulatory approvals, TD said in a statement.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.

The merger would have made TD the sixth-largest bank in the U.S. by assets. The transaction hit the first signs of trouble this February when TD warned First Horizon that it might not be able to gain regulatory approval by the extended deadline of May 27.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

TD Bank and First Horizon call off $13.4-billion merger dealToronto\u002DDominion Bank and First Horizon Corp. have agreed to terminate their $13.4 billion merger agreement. Find out more
La source: financialpost - 🏆 7. / 85 Lire la suite »

What Canada gets for its $13 billion investment in VW's battery plantCanada is offering Volkswagen $13 billion to build its first battery plant outside Europe in St. Thomas, Ont. Is it worth it?
La source: financialpost - 🏆 7. / 85 Lire la suite »