The M&A Monitor
Special Alert

The State of M&A: Mergers and Acquisitions in the Banking Industry

First Horizon Corporation and TD Bank Group issued on May 4th, 2023 a joint statement announcing the termination of their pending $13.4 billion, all-cash merger.

In this Special Alert edition of Olsen Palmer’s The M&A Monitor, we summarize the implications of the termination including what happened, why it happened, what other factors were at play; and what it means for respective stakeholders and market participants.