National Bank of Canada to Buy Canadian Western Bank in C$5 Billion All-Stock Deal
$National Bank of Canada(NA.CA$ agreed to acquire $Canadian Western Bank(CWB.CA$ for C$5 billion in an all-stock deal, the companies said in a press release.
Holders of Canadian Western Bank will get 0.45 share of National Bank for every CWB share held. That exchange ratio values CWB share at C$52.24, according to the 20-day volume weighted average trading price of National Bank, the release showed.
Holders of Canadian Western Bank will get 0.45 share of National Bank for every CWB share held. That exchange ratio values CWB share at C$52.24, according to the 20-day volume weighted average trading price of National Bank, the release showed.
All of CWB's directors and executives have supported the deal and have agreed to vote in favor of the transaction, subject to certain conditions.
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See this link for more information.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Moomoo Senior News and Community Manager
Former editor at Bloomberg, then Lazard Asset Management. Posts aren’t investment advice. Views are just mine.
3444Followers
12Following
8486Visitors
Follow