RE:Buyout riskGreat arb opportunity here.
https://financialpost.com/real-estate/mortgages/billionaire-stephen-smith-hires-td-banker-lead-family-office Smith is looking for more acquisitions.
First National stock has outperformed the big 4 banks by 20%
Smith already owns 9%+
Shareholders approved 99.8%, court approval also done.
Would be wild if the chairman of the Canada Guaranty Mortgage insurance with over $3b in first national, eqb etc walked away from hcg and pay $60M termination