Deal will increase TD’s ability to to grow its U.S. retail banking business
Makes cash offer of US$32.33 a share
Donation to provide awards to students at Calgary college
Masrani to assume role as CEO effective March 1
Quarterly economic forecast predicts U.S. slowdown will impact Canada’s manufacturing sector most heavily
Hedging arrangement will bring TD's investment up to 45%
Record date to move to four weeks prior to quarterly dividend payment date
Economists say chances of any rate movement are “virtually nil”
Company also raises dividend by 9%
Affirms bank's ratings