02/28/22
Toronto-Dominion Bank acquiring Memphis-based First Horizon
Toronto-Dominion Bank is acquiring Memphis-based First Horizon in an all-cash transaction worth $13.4 billion. The Canadian banking and financial services company is paying $25 a share, a 37% premium on FHN’s last close. Shares of First Horizon were up nearly 32% in early trading. “We have built a very strong business at First Horizon, and by joining forces…