First Horizon Corp. stock dropped 10% in midday trading on Wednesday after the banking and mortgage provider said in a filing that Toronto-Dominion Bank does...
First Horizon Corp. FHN stock dropped 10% in midday trading on Wednesday after the banking and mortgage provider said in a filing that Toronto-Dominion Bank TD does not expect to win regulatory approval for its pending $13 billion acquisition of the company by the extended date of May 27, past the original target date of March 31. First Horizon and TD do not know when the new closing date will be. TD has initiated talks with First Horizon on a potential further extension of the outside date.
FHN stock dropped 10% in midday trading on Wednesday after the banking and mortgage provider said in a filing that Toronto-Dominion Bank TD does not expect to win regulatory approval for its pending $13 billion acquisition of the company by the extended date of May 27, past the original target date of March 31. First Horizon and TD do not know when the new closing date will be. TD has initiated talks with First Horizon on a potential further extension of the outside date.
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