Canada&#39;s TD to buy Banknorth for 3.8 billion dollars
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NEW YORK : Toronto-Dominion Bank said it would pay 3.8 billion dollars for a controlling stake in Maine-based Banknorth Group as the Canadian lender moved to take its first foothold in US branch banking.
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A consumer advocacy group in New York is objecting to Banknorth Group Inc.'s proposed &#36;3.8 billion merger with Toronto-based TD Bank Financial Group because it says Banknorth underserves minority and low-income consumers.
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Danske Bank on Tuesday said it agreed to buy two Irish banks from the National Australia Bank for 967 million pounds ($1.93 billion) in cash.
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Canada's Barrick Gold Corp. said Thursday it was acquiring a 9 percent stake in London-based Celtic Resources Holding Ltd. &#151; a deal that potentially gives the Canadian gold giant major clout ahead of next year's auction of Russia's biggest gold deposit.
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Deutsche Bank AG is buying Air Canada convertible debt with a face value of C$850 million ($761 million) for C$124.3 million, speculating the airline&#39;s shares will rise when they resume
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Banknorth Group Inc. solicited bids from several other large banks before deciding that a Canadian bank could acquire a majority stake in the company, chief executive William J. Ryan told analysts yesterday.
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Toronto-Dominion Bank confirmed Wednesday it&#39;s in talks to take a stake in Maine-based Banknorth Group. Free! Sign up here to receive our Weekly Roundup e-Newsletter!
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Goldcorp Inc. yesterday became the third North American mining company this year to launch a bid to buy Wheaton River Minerals Ltd.
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Toronto-Dominion Bank, Canada&#39;s second-largest bank by assets, agreed Thursday to buy a 51 percent stake in Banknorth Group for $3.
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Danske Bank A/S, the Nordic region&#39;s second-largest lender, agreed to buy two Irish units from National Australia Bank Ltd. for 967 million pounds ($1.86 billion) in its first major purchase outside of Scandinavia.
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The Manulife Financial Corporation, a Canadian life insurance company, said it would buy the Berkshire-TWC Financial Groupâs mutual fund and securities dealerships to bolster its Canadian wealth management business. Manulife said the deal would double its number of Canadian wealth management advisers and triple its assets under administration in that business. The deal is part of a plan by Manulife of Toronto to expand its mutual funds unit. The takeover creates a sales force of 1,500 independent advisers and a business with about 19 billion Canadian dollars ($17.7 billion) in assets under administration. The price was not disclosed.
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Canada's Goldcorp Inc. G.TO said on   Thursday it will acquire U.S.-based Glamis Gold Ltd. for about   US$8.6 billion in stock, a deal that will push it firmly into   the ranks of senior producers.
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Canada&#39;s Barrick Gold Corp. said Thursday it was acquiring a 9 percent stake in London-based Celtic Resources Holding Ltd. - a deal that potentially gives the Canadian gold giant major clout ahead of next year&#39;s auction of Russia&#39;s biggest gold deposit.
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No one will accuse TD Banknorth Inc. of sugarcoating its story. TD Banknorth executives were downright gloomy during presentations to investor conferences in Canada and New York this week. The message: Consensus Wall Street forecasts for the company's profits were too high. Business expenses were up, and demand for loans was leveling off. Executives at Toronto-Dominion , the Canadian financial ...
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The Toronto-Dominion Bank cautiously entered the United States consumer banking market with a $3.8 billion deal to acquire 51 percent of the Banknorth Group of Maine.
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TD Bank has reported &quot;solid, broad-based results&quot; with a 17 per cent rise in quarterly earnings and a dividend increase - along with a $3.
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Banknorth Group Inc. of Portland and TD Bank Financial Group of Toronto announced a merger Thursday that gives Banknorth money to expand while setting the stage