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Canadian Western Bank T.CWB

Alternate Symbol(s):  CBWBF | T.CWB.PR.B | T.CWB.PR.D | CWESF

Canadian Western Bank is a diversified financial services company. It provides full-service business and personal banking, specialized financing, comprehensive wealth management offerings, and trust services. It offers specialty business banking services for small-and medium-sized companies with a focus on general commercial, equipment financing, construction financing, commercial real estate financing, real estate construction and project financing and equipment financing and leasing. It also provides full-service personal banking options, including chequing and savings accounts, loans, mortgages and investment products. Its banking services include online banking, ATM banking, creditor insurance, resources for seniors and order cheques online. Its CWB Business Advantage Account and CWB Business Unlimited Account offer solutions for day-to-day banking and 24/7 online access. It has its operations in British Columbia, Alberta, Ontario, Saskatchewan, Quebec, Manitoba and others.


TSX:CWB - Post by User

Post by DeanEdmontonon Jun 12, 2024 10:10am
234 Views
Post# 36084615

For All Holding CWB, I hope This Goes Through

For All Holding CWB, I hope This Goes ThroughNational's offer to buy at what is basically book vlaue is a very fair offer, and anyone holding the shares would have had to wait a very long time to see CWB share price hit +50 in the absence of the buyout. I really can't see any shareholder voting no, especially with both Boards recommending the sale. The Federal Govenment's reaction is a lot more uncertain, Natioanl having their head office in Montreal bodes well for this being approved, especially if the Fed see this as some sort of shafting the West at the same time. If Smith complains a lot, I think it helps the chances of this being approved, but it is really hard to preduict what that bunch of bandits in Ottawa are going to do on any given day.

Conratulations to all the folks holding CWB, especially if you bought them under $23. It is always great to get lucky every once and a while. GLTA.

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