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Will Ashworth

FORGOTTEN HISTORY: First horizon s options activity unusually quiet after calling off td merger | History Defined

First Horizon TD FHN TD Bank Group

The press release announcing TD Bank Group (TD) and First Horizon Corporation (FHN) had called off their $13.4 billion merger came out at 6:00 AM EST on Thursday.

While not primetime, I suppose they could have released it in the middle of the night when nobody would have read it. Nevertheless, the news had a devastating effect on First Horizon’s share price.

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