Canadian Western Bank’s Acquisition by National Bank

Canadian Western Bank (TSE:CWB) has released an update.

Canadian Western Bank has sent out letters of transmittal to its shareholders regarding its acquisition by National Bank of Canada, explaining the process of exchanging their shares. This move is part of the steps needed for the shareholders to receive National Bank shares in return for their Canadian Western Bank shares.

For further insights into TSE:CWB stock, check out TipRanks’ Stock Analysis page.