First Horizon Shares Fall More Than 40% After TD Bank Merger Fails

  • 📰 Forbes
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

CEO Bryan Jordan said the closed merger was “unfortunate and unexpected.”

it had mutually agreed to terminate its merger with TD Bank, after shares in the regional firm had fallen below its deal price and a prolonged regulatory

approval process.© 2022 Bloomberg Finance LPFirst Horizon pre-market shares fell 40%—from $15 to below $9—since the merger was terminated as of 8:45 a.m. Thursday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines