First Horizon CEO on merger breakdown: ‘We pursued every possible path to complete this transaction without success’
“We were informed by TD that they could not provide an updated timeline for an extension, and they could not provide assurance of regulatory approval in 2023 or 2024,” said CEO of First Horizon Bryan Jordan.(Mark Weber/The Daily Memphian file)
Under the terms of the termination agreement, TD Bank Group will make a $200 million cash payment to First Horizon on top of the $25 million fee due to First Horizon pursuant to the merger agreement.
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Rob Moore
Rob Moore covers North Mississippi for The Daily Memphian. He holds a B.A. and an M.A. in English from The University of Memphis.
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