with significant opportunity for future growth across the Southeast," said Bharat Masrani, Group President and Chief Executive Officer, TD. It provides TD with immediate presence and scale in highly attractive adjacent markets in the U.S. "First Horizon is a great bank and a terrific strategic fit for TD. Through this financially compelling transaction, TD accelerates its long-term growth strategy in the United States by acquiring a premier regional bank with an aligned culture and risk-management framework. TORONTO, CHERRY HILL and MEMPHIS – Febru- TD Bank Group ("TD" or "the Bank") (TSX and NYSE: TD) and First Horizon Corporation ("First Horizon") (NYSE: FHN) today announced that they have signed a definitive agreement for TD to acquire First Horizon in an all-cash transaction valued at US$13.4 billion, or US$25.00 for each common share of First Horizon. TD to expand upon First Horizon's investments in local communities. TD committed to retaining client-facing bankers with no planned closures of First Horizon banking centers in connection with the transaction.Position and liquidity immediately accretive to adjusted EPS at closing ğinancially compelling all-cash transaction leverages TD's strong capital.Ĝreates important future growth opportunities through combination of First Horizon and TD capabilities and customer-centric business models.bank with immediate presence and scale in fast growing TD-adjacent markets
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