Im pretty angry the regulators are being hard asses about mergers right now and it’s costing me thousands of dollars after FHN 20% drop today.
But putting that aside, what do we do now? They extended the drop dead date for the deal to the end of May but with regional banks dumping like crazy now because of sivb, is there a high probability of Td backing out of the deal?
If regulators don’t approve by end of May, td gets an out to the deal. What are the likelihood of this happening? Should I just dump my FHN?
Im done doing merger arbitrage after this. It’s far too hard to get information.
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