Canadian lender TD calls off $13.4b deal to buy First Horizon Bank

Canadian lender TD calls off $13.4b deal to buy First Horizon Bank

Toronto, Canada. Photo by Alex Shutin on Unsplash

Canadian lender Toronto-Dominion Bank Group has called off its deal to acquire First Horizon Corp for $13.4 billion on Thursday, sending the U.S. bank’s shares down 44.5% in premarket trading.