Hedge fund bets against Canada\u0027s TD Bank hit US$6.1 billion on Wednesday, a 45 per cent increase from 14 days ago. Find out more.
and Signature Bank, and some shareholders have urged TD to drop the deal or renegotiate a lower price.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.
“I think the biggest factor is noise around closing of First Horizon and what TD could be paying for it,” said Lemar Persaud, an analyst at Cormark Securities. TD, which is awaiting regulatory approval of its takeover of First Horizon, is expected to address the US$13.4-billion deal at its AGM on Thursday in Toronto.
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