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The latest update is out from Canadian Western Bank ( (TSE:CWB) ).
Canadian Western Bank announced the immediate termination of its Dividend Reinvestment Plan (DRIP) in connection with its proposed acquisition by National Bank of Canada. Participants in the DRIP will receive Direct Registration System (DRS) Advice for whole shares along with payment for any fractional shares and will be entitled to National Bank of Canada common shares upon the transaction’s completion, aligning with the transaction’s exchange ratio.
More about Canadian Western Bank
Canadian Western Bank (CWB) is a full-service bank in Canada with a strategic focus on meeting the unique financial needs of businesses and their owners. CWB provides business and personal banking, specialized financing, comprehensive wealth management, and trust services, distinguishing itself through specialized expertise, customized solutions, and fast response times. It is publicly traded on the TSX under the symbols CWB, CWB.PR.B, and CWB.PR.D, with a commitment to creating value responsibly for its stakeholders.
YTD Price Performance: 2.54%
Average Trading Volume: 1,081
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4B
See more data about CWB stock on TipRanks’ Stock Analysis page.
