secwatch.observer — SEC 8-K summary
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Issuer:     FIRST HORIZON CORP (FHN)
CIK:        0000036966
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000036966-23-000042
Event type: m_and_a
Sentiment:  negative
Materiality: 0.85
Item codes: 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Horizon and TD Bank mutually terminate $13.4B merger; TD to pay $200M termination fee
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- TD unable to obtain regulatory approval timetable; parties mutually agree to terminate merger agreement.
- TD will pay $200M cash termination fee plus $25M fee reimbursement to First Horizon.
- Series G preferred shares purchased by TD retain $25 conversion price; no other fees or liabilities.
- First Horizon CEO Bryan Jordan says bank will continue growth path with strong capital and stability.
- Original merger announced Feb 28, 2022; termination effective May 4, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36966/000003696623000042/0000036966-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36966/000003696623000042/fhn-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000036966-23-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer