Canada's Toronto-Dominion Bank Group on Thursday called off its $13.4 billion takeover of First Horizon Corp, triggering a near 40 percent fall in the U.S. regional bank‘s shares. First Horizon and TD said in a statement they had mutually decided to end the deal because there was no clarity on when they would get regulatory approvals. TD will pay $200 million to First Horizon, in addition to a $25-million fee reimbursement. TD‘s biggest deal to date, which it launched more than a year ago, had faced months of regulatory uncertainty and Canada's No.

https://business.inquirer.net/399401/canadas-td-bank-calls-off-13-4-b-first-horizon-purchase-leaves-u-s-bank-in-limbo

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