EDMONTON– Canadian Western Bank states investors have actually extremely enacted favour of a sale of the business to National Bank of Canada.
Edmonton- based CWB states the ballot at the unique conference Tuesday was 99.78 percent in favour of the all-share offer.
The 2 financial institutions introduced the proposition in June that would certainly see Montreal- based National Bank take control of mid-sized CWB at an approximately $5 billion appraisal.
The offer stood for a greater than 100 percent costs to where CWB was trading prior to the offer was introduced.
The requisition would certainly see National Bank increase even more westward as it tackles CWB’s Alberta and B.C.-focused procedures.
The proposition still needs regulative authorization, yet if protected the offer is anticipated to shut following year.
This record by The Canadian Press was very first releasedSept 3, 2024.
Companies in this tale: (TSX: CWB; TSX: NA)
The Canadian Press
