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

But TD appeared to remain committed to the deal. When asked if he was still interested in buying First Horizon at TD’s annual shareholder meeting on April 20, TD chief executive Bharat Masrani had said: “We see the benefits of the merger.” He offered few other details about the state of the transaction.

John Aiken, senior analyst and head of research at Barclays Bank PLC, said the original deal price no longer made sense, but he expressed surprise that the parties scrapped the deal entirely.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: financialpost - 🏆 7. / 85 Read more »

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
Source: fpinvesting - 🏆 43. / 63 Read more »

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?
Source: financialpost - 🏆 7. / 85 Read more »