๐Canadian Western Bank (CWB) shares surged 70% to $42.50 on the Toronto Stock Exchange following the announcement of an all-stock acquisition by National Bank of Canada, valuing CWB at around $5 billion. The deal, revealed after Tuesdayโs market close, will expand National Bankโs presence in Alberta and British Columbia, where CWB is primarily based. Despite the acquisition, CWB will retain its branch locations and Edmonton-based leadership. National Bank shares dropped $6.31 to $110.03. This acquisition follows Royal Bankโs $13.5-billion purchase of HSBC Canada. Subject to shareholder and regulatory approval, the deal is expected to close by the end of 2025.โ
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๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐๐๐ฆ ๐ก๐จ๐ฆ๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐๐ง๐ ๐๐๐ซ๐ ๐ก๐๐ฌ๐, ๐๐ง๐ญ๐๐ซ๐ข๐จ'๐ฌ ๐ฆ๐จ๐ซ๐ญ๐ ๐๐ ๐ ๐๐ฑ๐ฉ๐๐ซ๐ญ.
๐๐๐ฅ๐ฅ: +๐ (๐๐๐) ๐๐๐-๐๐๐๐
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