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

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.

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