TD Bank - Commerce Bancorp Merger Approved

March 2008 | M&A Analysis

Canada's Toronto-Dominion Bank (TD)'s acquisition of Commerce Bancorp has received approval from both Commerce shareholders and US regulators. The deal was announced in October of last year and was valued at about US$7.5bn in cash and TD shares. When completed, TD's combined two US units, Commerce Bank and TD Banknorth, will have a 1,100 US branch

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