GREY:GLUSF - Post by User
Post by
SleuthDogon Aug 24, 2015 7:59pm
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Post# 24047576
Canadian banks look to by GS
Canadian banks look to by GSThe Canadian banks (CIBC, Royal) have been actively looking for an High Net Worth Asset Management business, in addition we have Manulife looking to do the same.
Given the recent departure of Bill Web, and the passive role of its founders and the sell off, the stars are aligned for a take out.
At $30/share, it would be a deal for any bank and non-dilutive given with the special dividend the yield at $30 would be north of 4%.
The bankers are circling.