National Bank of Canada has announced its acquisition of Canadian Western Bank in a deal valued at approximately C$5 billion ($3.6 billion). The acquisition will be conducted through a share exchange, with Canadian Western Bank shareholders receiving $52.24 per share, representing a premium of over 110%. The Edmonton-based Canadian Western Bank will be rebranded as the Canadian Bank of Canada. The transaction is supported by a significant investment from one of North America’s largest pension funds, the Caisse de Depot. This acquisition marks a significant consolidation in the Canadian banking sector.
As an owner of illiquid Canadian financials, I applaud the 110% premium $NA.TO is paying for $CWB.TO and expect it to be used in the premium analysis for $ACD.TO in the next 12-18 months.
National Bank of Canada said Tuesday it is acquiring Canadian Western Bank in an all-share deal that values CWB at about $5 billion. https://t.co/AuAve4PegB
#BREAKING: National Bank of Canada says it is purchasing Canadian Western Bank. https://t.co/BET6ob4rDy
Hey investors out there....I have news for you about the Canadian Market....we are now having our Canadian Banks acquiring themselves $NA.TO $CWB.TO...it's time to work harder and find the gems🧐 https://t.co/S5enXdmIXC The Canadian Market is f*%?&%$*: https://t.co/SpBa5Na5vo
Hey investors out there....I have news for you about the Canadian Market....we are now having our Canadian Banks acquiring themselves $NA.TO $CW.TO https://t.co/S5enXdmb84 The Canadian Market is f*%?&%$*: https://t.co/wuBTUxR6CX
National Bank to buy Canadian Western Bank at $5 billion valuation https://t.co/QkNyUVUenr
Canada's National Bank to buy Canadian Western Bank for $3.6 billion https://t.co/ja30a5WW9p https://t.co/PoZCQh0rvt
National Bank of Canada is buying Canadian Western Bank for about C$5 billion ($3.6 billion) in a tie-up of two of the country’s regional lenders https://t.co/A5mFyfXDm5
National Bank of Canada agreed to acquire Canadian Western Bank in a share-swap deal valued at C$5 billion Canadian dollars, aided by a sizable investment from one of North America’s biggest pension funds, the Caisse de Depot. https://t.co/osohu0aUWZ
National Bank of Canada says it's purchasing Canadian Western Bank in a deal that values the Edmonton-based lender at about $5 billion. READ MORE: https://t.co/EjwUI6uh07 https://t.co/EjwUI6uh07
National Bank to buy Edmonton-based Canadian Western Bank in $5B deal https://t.co/O0p8tFbPJA https://t.co/xlxEcFSmWw
National Bank offers to buy Canadian Western Bank in deal valued at $5-billion https://t.co/HzrZOiTQBy
National Bank of Canada to Acquire Canadian Western Bank in C$5 Billion Deal https://t.co/ZQLjolxVrO
National Bank to buy Canadian Western Bank in $5 billion deal https://t.co/iaphKBhXDJ
Feels like we've been waiting for this news for years Canadian Western Bank to be bought by National Bank #breaking ...in a share exchange that values the Edmonton-based lender at approximately $5 billion. https://t.co/4Nzfser24t
National Bank to buy Canadian Western Bank https://t.co/QK8MNbiDLb https://t.co/mIqL8aKcB1
JUST IN : NATIONAL BANK TO BUY CANADIAN WESTEN BANK FOR $5 BILLION ( $52.24 PER SHARE ) THIS IS A PREMIUM OF OF OVER 110% $CWB $NA https://t.co/38VJIQjQCT
*NATIONAL BANK OF CANADA TO BUY CANADIAN WESTERN BANK to be rebranded as Canadian Bank of Canada
BREAKING: National Bank to buy Canadian Western Bank in $5-billion deal https://t.co/Fk5bbDwtiP
National Bank to accelerate domestic growth with the acquisition of Canadian Western Bank https://t.co/o4gCFcmcFv