FHN Stock Alert: 11 Things for First Horizon Investors to Know About the Massive TD Bank Deal
FHN Stock Alert: 11 Things for First Horizon Investors to Know About the Massive TD Bank Deal
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
InvestorPlace-股票市场新闻、股票建议和交易提示
First Horizon (NYSE:FHN) stock is on the rise Monday as investors react to a major deal with TD Bank (NYSE:TD).
第一地平线(纽约证券交易所代码：FHN)股价周一上涨，投资者对一项重大交易做出反应TD银行(纽约证券交易所：白破疫苗).
Let's break down all of the details investors in FHN stock need to know about the deal!
让我们分析一下FHN股票投资者需要知道的所有细节！
- The big news here is that TD Bank is acquiring First Horizon to expand its business in Southeast U.S.
- This has it agreeing to pay $13.4 billion for the company in an all-cash transaction.
- That results in TD Bank valuing shares of FHN stock at $25 each.
- This represents an almost 37% premium to the stock's closing price on Friday.
- TD Bank is funding the deal with excess cash on its balance sheet.
- Bryan Jordan, president and CEO of First Horizon, will join TD Bank as its vice chair.
- This will have him reporting to Bharat Masrani, group president and CEO at TD Bank, and joining the company's executive team.
- Likewise, he'll also join the Boards of Directors while continuing to operate out of Memphis.
- TD Bank is expecting the deal to be immediately accretive to its adjusted earnings per share.
- The two companies are also expecting $610 million in pre-tax cost synergies once the deal is complete.
- First Horizon and TD Bank are planning for the deal to close during the latter's fiscal first quarter of 2021.
- 这里的大新闻是，TD银行正在收购First Horizon，以扩大其在美国东南部的业务。
- 这使得它同意以全现金交易的方式支付134亿美元收购该公司。
- 这导致道明银行对FHN股票的估值为每股25美元。
- 这比该股上周五的收盘价溢价近37%。
- 道明银行正用其资产负债表上的多余现金为这笔交易提供资金。
- 第一地平线首席执行官总裁布莱恩·乔丹将加盟道明银行，担任副董事长。
- 这将使他向巴拉特·马斯拉尼、集团总裁和道明银行首席执行官汇报工作，并加入公司的执行团队。
- 同样，他还将加入董事会，同时继续在孟菲斯运营。
- 道明银行预计，这笔交易将立即提升其调整后的每股收益。
- 两家公司还预计，交易完成后，税前成本协同效应将达到6.1亿美元。
- First Horizon和道明银行计划在后者2021财年第一季度完成交易。
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Jordan said the following about the deal boosting FHN stock higher today.
乔丹就这笔交易今天提振FHN股价走高发表了以下言论。
"We have long respected TD as a leader in U.S. banking and are confident that its continued and growing investments in our local markets will extend our long history of community support."
我们长期以来一直尊重TD作为美国银行业的领先者，并相信它在当地市场的持续和不断增长的投资将延续我们长期获得社区支持的历史。“
FHN stock is up 30.2% as of Monday morning.
截至周一上午，FHN股价上涨了30.2%。
There's more stock market news for investors to check out below!
下面有更多股市新闻供投资者查看！
InvestorPlace houses all the latest stock content that traders need to know about. For Monday, that includes what to expect from Lucid (NASDAQ:LCID) earnings, why defense stocks are on the move, as well as the latest Alfi (NASDAQ:ALF) stock news.
投资商位置包含交易员需要了解的所有最新库存内容。对于周一来说，这包括人们对它的期待清澈(纳斯达克：LCID)财报，为何国防类股走势，以及最新消息阿尔菲(纳斯达克：阿尔夫)股票新闻。
More Monday Stock Market News
更多周一股市新闻
- Dear LCID Stock Fans, Here are 3 Key Things to Watch When Lucid Reports Earnings
- Defense Stocks RTX, LMT, NOC Pop Higher as Investors Eye German Military Spending
- ALF Stock: What's Going on With Rideshare Tablet Maker Alfi Today?
- 亲爱的LCID股票粉丝们，当Lucid报告收益时，这里有3件关键的事情需要注意
- 国防类股RTX，LMT，NOC Pop走高，投资者关注德国军费开支
- Alf Stock：Rideshare平板电脑制造商Alfi今天发生了什么？
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
在出版日期，威廉·怀特没有(直接或间接)持有本文所述证券的任何头寸。本文表达的观点是作者的观点，以InvestorPlace.com为准出版指南.
The post FHN Stock Alert: 11 Things for First Horizon Investors to Know About the Massive TD Bank Deal appeared first on InvestorPlace.
FHN股票警报：First Horizon投资者关于TD Bank大规模交易的11件事首先出现在InvestorPlace上。