We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of First Horizon Corporation (“First Horizon” or the “Company”) (NYSE: FHN), in connection with the proposed acquisition of the Company by TD Bank Group (TSX and NYSE: TD). Under the terms of the merger agreement, the Company’s shareholders will receive $25.00 in cash for each share of First Horizon common stock that they hold. The transaction is valued at approximately $13.4 billion.
WeissLaw LLP is investigating whether (i) First Horizon’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction,(ii) the $25.00 per-share merger consideration adequately compensates First Horizon’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.