Toronto Dominion Bank (the) Stock News

Toronto-Dominion Bank Group on Monday (Feb. 28) agreed to purchase First Horizon Corp. for $13.4 billion in cash to fuel its expansion across the southeastern United States after several failed attemp

Toronto-Dominion Bank is buying regional bank First Horizon in a $13.4 billion all-cash deal that will help broaden its reach in the southeastern U.S. TD Bank Group will pay $25 per First Horizon Corp. share

Toronto-Dominion Bank is buying regional bank First Horizon in a $13.4 billion all-cash deal, its biggest ever, hoping to broaden its footprint in the southeastern U.S. The deal would create one of the top six banks in the U.S., the companies said Monday, with approximately $614 billion in assets and a network of 1,560 locations serving over 10.7 million U.S. customers across 22 states. TD Bank Group will pay $25 for each share of First Horizon Corp. “The Southeastern U.S. represents a tremendous opportunity for TD and the addition of First Horizon’s commercial and specialty banking capabilities will position us as a leading national player in commercial banking," said TD CEO Leo Salom. In addition to its home state of Tennessee, First Horizon operates in Louisiana, Florida, North Carolina, South Carolina and Virginia. It also has important footholds in major southern urban centers like Atlanta, Dallas and Houston. TD, based in Toronto, said it is committed to maintaining First Horizon’s banking locations with no planned branch closures.

(Feb 28): Toronto-Dominion Bank Group will buy First Horizon Corp FHN.N for US$13.4 billion in cash to expand its footprint in the southeastern United States, the banks said on Monday, in a record acquisitionfor the Canadian lender. The deal is the culmination of a concerted hunt for US acquisitions by TD, the second-largest bank by market value in Canada, and follows unsuccessful bids for other US assets that have come up for sale in recent months.

© Reuters. FILE PHOTO: The Toronto Dominion (TD) bank logo is seen on a building in Toronto, Ontario, Canada March 16, 2017. REUTERS/Chris Helgren/ By Manya Saini, Niket Nishant and Nichola Saminather (Reuters) -Toronto-Dominion Bank Group will buy First Horizon (NYSE:) Corp for $13.4 billion in cash to expand its footprint in the southeastern United …

By Manya Saini, Niket Nishant and Nichola Saminather (Reuters) -Toronto-Dominion Bank Group will buy First Horizon Corp for $13.4 billion in cash to expand its footprint in the southeastern United

Canada''s second largest lender Toronto-Dominion Bank Group will buy First Horizon Corp in an all-cash deal for $13.4 billion to expand its footprint in the United States, the banks said on Monday.

The deal sees Toronto-Dominion Bank fulfilling its long-stated desire to bulk up in the southeastern United States

Toronto-Dominion Bank said it is accelerating its long-term growth strategy in the U.S. by acquiring Tennessee-based First Horizon Bank for $13.4 billion .

TORONTO , Feb. 28, 2022 /CNW/ - The Toronto-Dominion Bank (TD) (TSX: TD ) announced today that the automatic share purchase plan established under TD''s normal course issuer bid (NCIB) has automatically terminated pursuant to its terms. During the quarter ended January 31, 2022 , 7.5 million common shares were repurchased for cancellation under the NCIB and, during the period from February 1, 2022 until February 28, 2022 , 13.5 million common shares were repurchased for cancellation under the NCIB. In aggregate, as of February 28, 2022 , TD repurchased a total 21 million common shares under the NCIB, at an average price of $104.50 per share for a total aggregate price of $2,195 million . The NCIB remains in effect on the same terms and subject to the same restrictions as previously disclosed. Caution Regarding Forward-Looking Statements From time to time, the Bank (as defined in this document) makes written and/or oral forward-looking statements, including in this document, in other filings with Canadian regulators or the United States (U.S.) Securities and Exchange Commission (SEC), and in other communications.

First Horizon (FHN) stock is on the rise Monday as investors react to a major $13.4 billion acquisition deal with TD Bank (TD). The post FHN Stock Alert: 11 Things for First Horizon Investors to Know

Toronto-Dominion Bank said Monday it would pay a 37% premium for First Horizon Corp. in a $13.4 billion deal that gives the Canadian bank an entry into the Southeastern market and elevates its scale t

Shares of First Horizon surge after the bank announces an agreement to be acquired by TD Bank.

Shares of First Horizon Corp. FHN, +4.64% soared 32.6% toward a 15-year high in premarket trading Monday, after the Tennessee-based bank announced an agreement to be acquired by Toronto-Dominion Bank

Toronto-Dominion (TD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.