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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

FHN股票警報:關於TD Bank的大規模交易,first Horizon投資者需要知道的11件事
InvestorPlace ·  2022/02/28 11:26

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First Horizon (NYSE:FHN) stock is on the rise Monday as investors react to a major deal with TD Bank (NYSE:TD).

第一地平線(紐約證券交易所代碼:FHN)股價週一上漲,投資者對一項重大交易做出反應TD銀行(紐約證券交易所:白破疫苗).

Source: Africa Studio / Shutterstock.com
來源:非洲工作室/Shutterstock.com

Let's break down all of the details investors in FHN stock need to know about the deal!

讓我們分析一下FHN股票投資者需要知道的所有細節!

  • 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.
  • 這裏的大新聞是,TD銀行正在收購First Horizon,以擴大其在美國東南部的業務。
  • 這使得它同意以全現金交易的方式支付134億美元收購該公司。
  • 這導致道明銀行對FHN股票的估值為每股25美元。
  • 這比該股上週五的收盤價溢價近37%。
  • 道明銀行正用其資產負債表上的多餘現金為這筆交易提供資金。
  • 第一地平線首席執行官總裁布萊恩·喬丹將加盟道明銀行,擔任副董事長。
  • 這將使他向巴拉特·馬斯拉尼、集團總裁和道明銀行首席執行官彙報工作,並加入公司的執行團隊。
  • 同樣,他還將加入董事會,同時繼續在孟菲斯運營。
  • 道明銀行預計,這筆交易將立即提升其調整後的每股收益。
  • 兩家公司還預計,交易完成後,税前成本協同效應將達到6.1億美元。
  • First Horizon和道明銀行計劃在後者2021財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.

喬丹就這筆交易今天提振FHN股價走高發表了以下言論。

"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."

我們長期以來一直尊重TD作為美國銀行業的領先者,並相信它在當地市場的持續和不斷增長的投資將延續我們長期獲得社區支持的歷史。“

FHN stock is up 30.2% as of Monday morning.

截至週一上午,FHN股價上漲了30.2%。

There's more stock market news for investors to check out below!

下面有更多股市新聞供投資者查看!

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.

投資商位置包含交易員需要了解的所有最新庫存內容。對於週一來説,這包括人們對它的期待清澈(納斯達克:LCID)財報,為何國防類股走勢,以及最新消息阿爾菲(納斯達克:阿爾夫)股票新聞。

More Monday Stock Market News

更多週一股市新聞

  • 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?
  • 親愛的LCID股票粉絲們,當Lucid報告收益時,這裏有3件關鍵的事情需要注意
  • 國防類股RTX,LMT,NOC Pop走高,投資者關注德國軍費開支
  • Alf Stock:Rideshare平板電腦製造商Alfi今天發生了什麼?

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·懷特沒有(直接或間接)持有本文所述證券的任何頭寸。本文表達的觀點是作者的觀點,以InvestorPlace.com為準出版指南.

The post FHN Stock Alert: 11 Things for First Horizon Investors to Know About the Massive TD Bank Deal appeared first on InvestorPlace.

FHN股票警報:First Horizon投資者關於TD Bank大規模交易的11件事首先出現在InvestorPlace上。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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