Canadian Western Bank T.CWB

Higher Bid for Canadian Western Bank?

[emiltech]

Could be a 60 Bucks cash Offer by RBC. Who knows!

[88guy88]

RBC would not likely do a bid as they are busy fitting in HSBC acquisition....plus the Feds would never allow one bank like RBC to have that much control over the banking sector in Canada

[FatherJack]

I think there is a 4% breakup fee if CWB terminates the agreement.  The only thing you have to ask yourself is National Bank better Managed and postitioned than CWB.  The other big 6 banks already have a stong presence in western Canada so I really doubt that a better offer will emerge. The deal looks good to me.

[emiltech]

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

[packerdriver]

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

[Puma1back]

This price hit could opening could be a really cheap way to get into the cdn banks with a surprising discount. Even if NA sticks to $105 the swap value is $48 and picking up almost a 4% dividend in the meantime for total gains in the area 20% plus. only risk is if Premier of Alta mucks up the deal but right now a "loss of head office" isn't imo going to cut it. And her arguments

[mugs19]

If Premier Smith puts a wrench in this take-over (which I doubt), I personally, will spank her bottom!  :) mugs

[RamaMark]

Toosmall for RBC and the other big six.

[emiltech]

Except for NA. Could be a huge hit for it if CWB spread strongly everywhere west of Qc! And then east of Qc.