First Horizon to be acquired by TD Bank for $25.00/share cash; termination fee $435.5M

FIRST HORIZON CORP

Each share of FHN common stock to receive $25.00 in cash; consideration increases $0.0017808/day after Nov 27, 2022.
Termination fee of $435.5M payable by FHN under certain circumstances; $25M expense reimbursement also provided.
FHN issued ~$493.6M of Series G convertible preferred stock to TD in private placement.
Merger subject to FHN shareholder approval, regulatory approvals (Fed, OCC, OSFI, etc.), and no legal restraint.
Preferred stock series B-F remain outstanding; equity awards treated as per agreement.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.