M&A
confidence high
sentiment positive
materiality 0.80
First Horizon shareholders approve acquisition by Toronto-Dominion Bank
FIRST HORIZON CORP
- Shareholders voted 393,123,269 for and 1,882,104 against to approve the merger with TD.
- Advisory executive compensation proposal approved with 235,985,609 for, 155,075,894 against.
- Adjournment proposal authorized to solicit additional proxies if needed, with 360,485,639 for.
- Transaction expected to close in Q1 of TD's fiscal 2023, subject to U.S. and Canadian regulatory approvals.