CWB Shareholders to Vote on Lucrative Acquisition Offer

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

Canadian Western Bank (CWB) has scheduled a special meeting for shareholders to vote on a significant acquisition by National Bank of Canada, with a generous premium offer per share. The all-share transaction, valuing CWB at about $5.0 billion, would position the combined entity as a leader in the Canadian banking sector with national growth ambitions. CWB’s board unanimously supports the deal, emphasizing its benefits to shareholders and advising their vote in favor.

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