So....it looks like TD and Scotia are out and likely National now too and RBC is out with their HSBC acquisition.....
interest is waning and less players means a potential stink bid....and likely BOD will not be able to accept any bid far off the $55 to $60 bid....after all book value is just under $60
so they get a low bid and decline and carry on but the price is gonna TANK back to low 30s
this is much more risky than investors think.....just because its a bank stock and paying 4.75% dividend that does not help you if you have a loss from $40 to $32 is and that is a loss of 20%....so your dividend will take 5 years just to get you back to even....