Strategic review Interesting that there were no rumours about the earlier attempt by a rival bank to buy LB.
>>>Laurentian Bank of Canada, which has been working on a turnaround under a new chief executive officer since late 2020, has started a strategic review that may lead to a sale. The review is intended to “maximize shareholder and stakeholder value,” the bank said Tuesday. It has hired JPMorgan Chase & Co. to approach potential buyers, La Presse and the Globe and Mail separately reported Tuesday. The process started after a rival bank made a bid for Laurentian, the Globe said, citing people it didn’t name.
https://www.bnnbloomberg.ca/laurentian-bank-starts-strategic-review-possible-sale-1.1944367