RE:RE:RE:Higher Bid for Canadian Western Bank?emiltech wrote:
Yes, there is a break up fee.
I think CWB is a great bank, very well managed and performing over the last 5 years!
Do hope that their management and resources will be preserved.
They will benefit from lower financing cost opportunities and leverage in complementary areas of the banking business.
The offered price is fair for CWB and NA. There is absolutely no problem with that.
There could be other suitors eventually. TD could be part of the short list.
Ha! as a suffering shareholder of TD I certainly hope you're kidding....TD can't afford to do ANYTHING controversial for a while....and that tie up would NEVER pass the competition bureau.....
NA and CWB do simply because neither operate in the other's market.....it's just taking two small regional banks and making a medium size, country wide, bank.......a TD buy-out would be the a whale eating a salmon and reducing banking choices/competition in western Canada.....not in a million years!