(Reporting by Maiya Keidan; Editing by Ismail Shakil)
Messaging: maiya.keidan.thomsonreuters.com@reuters.net)) TORONTO, April 20 (Reuters) - Toronto-Dominion Bank believes its planned takeover of First Horizon Corp is unlikely to close by its slated deadline and the
company is in talks about a "possible extension," TD's chief
executive officer said on Thursday.
"We have opened discussions with First Horizon about a
possible extension, and we will update our shareholders when we
can," Bharat Masrani, Group President and CEO at the Canadian
lender said at the firm's annual general meeting (AGM).
TD is awaiting regulatory approval of the $13.4 billion
transaction, which was set to close on May 27, and had
previously said it was in discussions with First Horizon to
extend the date.
Some shareholders have been urging TD to ditch deal after
the collapse of Silicon Valley Bank and Signature Bank last
month triggered a crisis of confidence.
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