Its pretty simpleAll the banks want access to Quebec clients...there will be a buyer and likely 2 that will make offers...any of the big 5 could easily take full advantage of the real estate location and client that exist and build the client base....upgrade the systems....its the locations in Quebec and the clients in Quebec that matter
The rest is all smoke and mirrors....negotiation.....the Globe plays right into it as they are also being played by TD and Scotia....not interest...yeah right!
This is just a negotiation tactic to knock the price down and then when one or more of the banks swoops in and makes an offer around $55 bucks then the offer % gain looks so much better to the shareholders and the BOD can also say to the shareholders..."look at the % gain that is being offered over market price".....