TD Bank Calls Off $13.4 Billion Acquisition of First Horizon

• TD Bank Group terminated its agreement to buy First Horizon Corp for $13.4 billion.
• TD Bank will pay First Horizon $200 million and reimburse $25 million in fees.
• The collapsed deal impacted U.S. regional banks and may affect TD Bank's future partnerships.
• TD Bank remains the world's most shorted bank stock.
• First Horizon's stock price dropped nearly 50% on the news.

8 Articles

The Information Boston Globe Barron's The Hill Boston Globe Forbes Forbes Reuters