Only TD Bank Was Willing to Pay a Premium for Commerce Bancorp

The Globe and Mail, Tara Perkins, 14 November 2007Toronto-Dominion Bank says it remains comfortable with the $8.5-billion (U.S.) price tag on its blockbuster bid for New Jersey's Commerce Bancorp Inc., despite documents that show Commerce's investment bankers approached 17 potential bidders but only TD was willing to make an offer at a premium to the stock price."We made our bid proposal on