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National Bank of Canada to Buy Canadian Western Bank in C$5 Billion All-Stock Deal

Luzi Ann Santos wrote a column · Jun 11 15:43
$National Bank of Canada(NA.CA)$ 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.
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.
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    Moomoo Senior News and Community Manager
    Former editor at Bloomberg, then Lazard Asset Management. Posts aren’t investment advice. Views are just mine.