Laurentian Bank of Canada T.LB

floor dropped

[jennifer8]

Laurentian Bank to drop two floors of Toronto office space

[Martincat]

That could be good news......Trimming the fat can`t be that bad!.....JMHO!

[Pandora]

Laurention Bank and Canada Western Bank both trade for around $24 - $25. This afternoon National Bank announced they are buying out Canada Western Bank for 0.45 of a National Bank share. National Bank is currently trading at $116+. 0.45 is about $52. That is quite a premium and makes me kick myself in the butt for choosing LB as a potential buyout. "Each CWB Share, other than those held by

[jennifer8]

do you think TD will the do the same with LB?

[Puma1back]

That was my thought as well given the chance they may get serious restrictions on forward US growth. Buy this and call it TD Laurention.   

[Pandora]

I have no idea if one of the other banks would make such a move but it would sure make my day if there was a similar move. I took a position in Laurentian with a thought in mind that someone may pick it up but I never thought CWB would get the move first. Question is -- is there one of the other banks that would consider a similar move or will LB now just continue on as is? Kind of like someone

[jennifer8]

... at what  price .... maybe target takeover?  est guess?

[insidersnoop1]

$45 all share takeover bid from BNS.

[Pandora]

And how confident are you of a bid from BNS? and why?

[DeanEdmonton]

Insider- You are spreading the pump and hump of others. BNS didn't make a move during the last strategic review when they could have bought it even cheaper. Since then LB has announced really bad results that are just getting worse. None of the big 6 wants any part of buying this dog as an operating entity. Assets and deposits maybe, but not the rest of the operation.

[Red_Deer]

Hey DeanEdmonton__You Just NEVER GIVE UP eh !!!! You WERE POSTING the SAME BASHING Commentary on CWB the Past 2 YEARS And YOU Were PROVEN DEAD WRONG eh !!!!!