text: Banknorth-TD Bank merger gets backing Banknorth Group's largest shareholder, Private Capital Management, said it plans to vote in favor of the merger with Canada's TD Bank Financial Group after expressing reservations several months ago. The change increases the likelihood the merger will go through. Several of Banknorth's major shareholders had reservations because of the deal's structure. TD plans to acquire a majority stake in the ...
inputs: Banknorth-TD Bank merger gets backing Banknorth Group's largest shareholder, Private Capital Management, said it plans to vote in favor of the merger with Canada's TD Bank Financial Group after expressing reservations several months ago. The change increases the likelihood the merger will go through. Several of Banknorth's major shareholders had reservations because of the deal's structure. TD plans to acquire a majority stake in the ...