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

  • 📰 fpinvesting
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

BREAKING TD Bank and First Horizon call off their $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.

 

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

 /  🏆 43. in ZA

South Africa South Africa Latest News, South Africa South Africa 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 »

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 »