Thursday, October 4, 2007
TD Bank to Buy Commerce Bancorp
The Globe and Mail, Tara Perkins & Andrew Willis, 4 October 2007Toronto-Dominion Bank chief executive officer Ed Clark has a few challenges ahead of him as he attempts to sell his $8.5-billion (U.S.) acquisition of Commerce Bancorp Inc. to the shareholders of both companies.TD's shares continued to drop yesterday as a number of analysts downgraded the stock, and a U.S. lawyer told The Globe and
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