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Will Ashworth

First Horizon’s Options Activity Unusually Quiet After Calling Off TD Merger

First Horizon TD FHN TD Bank Group

The press release announcing TD Bank Group (TD) and First Horizon Corporation (FHN) had called off their $13.4 billion merger came out at 6:00 AM EST on Thursday.

While not primetime, I suppose they could have released it in the middle of the night when nobody would have read it. Nevertheless, the news had a devastating effect on First Horizon’s share price.

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