Shares of Canadian Western Bank surged Wednesday on the news National Bank was buying it at a $5-billion valuation, while shares of other mid-sized banks also saw some gains as the acquisition trend continued. CWB shares closed up 68.
National Bank deal at hefty premium to test investor patience bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The Canadian market closed on a positive note on Wednesday after staying firm right through the day's session, as soft U.S. inflation data helped ease concerns about the outlook for interest rates.
National Bank to accelerate domestic growth with the acquisition of Canadian Western Bank marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
By Ben Glickman National Bank of Canada agreed to acquire Canadian Western Bank in a share-swap deal worth about 5 billion Canadian dollars . The companies said Tuesday that the deal would.