Update 6: TD Bank to Buy BankNorth Stake
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TD Bank Financial Group and Banknorth Group Inc. said Thursday that they signed a definitive agreement for the Canadian bank to purchase a 51 percent stake in Portland, Maine-based Banknorth for about $3.
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Toronto Dominion Bank (TD.TO), Canada's second-biggest by assets, said on Thursday it would acquire a majority stake of U.S.-based Banknorth Group Inc. (BNK.N), while also boosting its dividend and reporting a 17-percent rise in profits.
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MONTREAL (CP) - BCE Inc. is selling most of its minority stake in Manitoba Telecom Services for a total of $578 million, with MTS buying back more than half of the shares and the rest sold on the open market, BCE announced Wednesday.
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Toronto-Dominion Bank has sealed its $3.8-billion (US) deal for Banknorth Group Inc., an acquisition meant to set the stage for rapid US expansion and make TD a more attractive
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In the second big banking deal to roll ashore in Maine this year, TD Bank Financial Group of Toronto announced Thursday it would pay $3.
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BCE Inc, Canada's largest telecommunications group, has agreed to a C$51.7 billion ($48.5 billion) offer from a group including the Ontario Teachers Pension Plan, in what the purchasers said was the largest buyout in Canadian corporate history.
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Banknorth branches across New England will become TD Banknorth under an agreement yesterday that gives Canada's TD Bank Financial Group a controlling stake in New England's largest independent bank.
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Bank of Montreal, Canada&#39;s fifth largest bank, said Wednesday it plans to buy privately held Mercantile Bancorp Inc., as well as the stock of Lake Commercial Corp.
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TORONTO -- TD Bank announced its foray into US retail banking on Thursday, a day after rival CIBC signalled its focus will be on domestic operations, demonstrating how far apart Canadian banks are on their American strategies.
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Canada&#39;s Toronto Dominion Bank said Wednesday it is in talks with US-based Banknorth Group about a possible deal, while a published report said the two parties are in advanced negotiations that could lead to a $2.
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Cullen/Frost Bankers Inc.  on  Monday said it agreed to buy Summit Bancshares Inc.   for &#36;363.5 million of cash and stock in a merger of two Texas  banks.
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Toronto Dominion Bank TD.TO, Canada's  second-biggest by assets, said on Thursday it would acquire a  majority stake of U.S.-based Banknorth Group Inc. BNK.N,  while also boosting its dividend and reporting a 17-percent  rise in profits.
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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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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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Toronto-Dominion Bank is in the final stages of negotiations to take a controlling interest in New England regional bank Banknorth Group Inc. in a transaction worth as much as $3.5 billion, according to executives involved in the talks.
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BCE Inc , Canada's largest telecommunications group, has agreed to a C$51.7 billion ($48.5 billion) offer from a group including the Ontario Teachers Pension Plan, in what the purchasers said was the largest buyout in Canadian corporate history.
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Real estate investment trust Spirit Finance Corp.  said on Tuesday it would be acquired by a consortium led by Australia's Macquarie Bank Ltd.  for about $1.6 billion.