99.78% of CWB shareholders approve National Bank's $5B takeover, pending regulatory approval.

Shareholders of Canadian Western Bank (CWB) have approved a takeover by National Bank of Canada with 99.78% voting in favor. The all-share deal, valued at approximately $5 billion, significantly exceeds CWB's prior trading price. This acquisition will enable National Bank to expand its operations into Alberta and British Columbia. The deal is pending regulatory approval and is expected to finalize next year.

September 03, 2024
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