Posted on 05/04/2023 6:13:26 AM PDT by PK1991
First Horizon Corp. and TD Bank Group have mutually agreed to end their merger agreement, which was valued at $13.4 billion when it was first announced more than a year ago, the companies announced Thursday morning.
First Horizon shares were plummeting 45% in premarket trading after the announcement. Prior to the announcement, First Horizon stock had been trading well below the $25-per-share deal price, a sign that investors were skeptical that the deal would go through.
(Excerpt) Read more at msn.com ...
Why do a merger the free market way when the FED will take all the bad assets off the books first?
Just two days ago, the “economic experts” all assured us that the banking sector crisis was over. I’m beginning to think the “experts” aren’t really experts at anything at all.
When those you rely on for economic advice, or any advice at all, are consistently wrong in that predictions, it is time to find new advisors.
Is TD Bank in trouble? (Apr 10, 2023)
Toronto Dominion (TD) Bank has recently become the world’s most shorted bank, sparking concerns of a potential banking crisis in Canada. Hedge fund bets against TD Bank reached a staggering $4.2 billion, with analysts raising concerns about the bank’s exposure to the U.S. regional lenders.
Stable and resilient.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.