Bank cites uncertainty as to when and if it would be able to obtain regulatory approval
TD Bank Group has called off its $13.4-billion US deal to acquire U.S. bank First Horizon Corp., citing regulatory uncertainty around the takeover.
TD said Thursday it reached a mutual agreement with the Tennessee-based bank to terminate the acquisition because of the uncertainty as to when and if it would be able to obtain regulatory approval.
TD chief executive Bharat Masrani said this decision provides clarity for colleagues and shareholders.
https://www.cbc.ca/news/business/td-bank-first-horizon-1.6831855
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
4 views