From what I’ve been told/know TD is still aquiring First Horizon. One of the major holds ups has been regulatory approvals. There was a clause in the contract stating there would be an automatic extension to May 27 if the merger could not be completed before then. Granted the acquisition price may come down because FHN stock price has come down but the original price is still on the table.
I know TD has a lot riding on this merger with trying to open stores in more states that they don’t have a presence in. It will be really interesting to see what happens.
I wouldn’t be entirely shocked if it ended up falling through given the state of everything right now, but I still think the merger will happen.