The acquisition of First Horizon Corp. ( FHN , Financial) by financial company Toronto-Dominion Bank ( TD , Financial), which was announced in February 2022 and valued at $13.4 billion, was called off by both parties due to regulatory uncertainties earlier this week.
Toronto-Dominion Bank was going to acquire First Horizon to expand its U.S. footprint. According to media reports, U.S. regulators' concerns about the buyer's lax anti-money-laundering practices helped spike the acquisition.
NEW YORK , May 31, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of First Horizon Corporation ("First Horizon") (NYSE: FHN, FHN-PB, FHN-PC, FHN-PD, FHN-PE, FHN-PF) between February 28, 2022 and May 3, 2023, both dates inclusive (the "Class Period"), against The Toronto-Dominion Ba...
Canada's no.2 lender TD Bank Group will push ahead with its U.S. expansion by focusing on organic growth, after its M&A-led strategy in the world's biggest banking market suffered a setback this month, a top official told Reuters on Thursday.
Toronto-Dominion Bank stock TD, -2.50% TD, -1.85% is down 1.5% in premarket trading on Thursday after the Canadian bank with a sizeable U.S. presence said it does not expect to meet its medium-term adjusted earnings per share growth target of 7% to 10%. The bank blamed the mutual termination of its deal to buy First Horizon Corp. FHN, -1.33% as announced on May 4, as well as “deterioration in t...
LOS ANGELES, CA / ACCESSWIRE / May 10, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The Toronto-Dominion Bank ("TD" or "the Company") (NYSE:TD) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose...
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