Thursday, June 28, 2007

Hedge funds seek TD Ameritrade talks on deals

(Reuters) - The letter specifically mentioned board member W. Edmund Clark, a TD Bank director, and said "the board must remove Mr. Clark from this role and empower the independent directors to reach out and lead discussions with potential strategic partners."




The funds also made a demand under Delaware law for books and records related to the board's exploration of possible strategic combinations, including Toronto-Dominion's influence on the process.


Read more at Reuters.com Mergers News

No comments: