Laurentian Bank of Canada T.LB

Alternate Symbol(s): LRCDF | LAUCF | T.LB.PR.H

Financial Services

Laurentian Bank of Canada (the Bank) is a Canada-based provider of financial services to its personal, commercial and institutional customers. The Bank operates in Canada and the United States. Its segments include Personal Banking, Commercial Banking and Capital Markets. The Personal Banking segment caters to the financial needs of retail clients. The Commercial Banking segment caters to the financial needs of business clients across Canada and in the United States and provides commercial banking, real estate financing, and equipment and inventory financing. The Capital Markets segment provides a range of services, including research, market analysis and advisory services, corporate underwriting for debt and equity, and administrative services. The Bank's clients can access its offering of financial advice, products and services through a network of branches in Quebec. The Bank offers a digital direct-to-customer platform to all Canadians. The Bank has approximately 57 branches.

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Laurentian Bank of Canada > floor dropped

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Comment by DeanEdmontonon Oct 15, 2024 1:21pm

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Post# 36266646

RE:RE:RE:RE:RE:RE:RE:RE:floor dropped

Nedstar - that was down right funeeee! What I always worry about on thse boards is someone buying into this B.S. and thinking it makes an arguement for a higher priced buyout. I don't believe anyone in their right minds would buy LB as an operating entity. It is poorly run and has a ton of tiny branches spread all over Quebec that would be a political nightmare to close. Assets and deposits, maybe, but you don't get much of a premium for that.

nedstar71 wrote:
DeanEdmonton wrote: Insider - I have called uyou out before about this lie that LB turned down a $45 offer. You have NEVER provided proof of this and there is no record of this being true. QUIT spreading revisionist B.S>
insidersnoop1 wrote: LB refused 45$ buyout from National Bank last year (LB book value is 65.50$). CEO was fired 1 month after negotiations. She refused offer probably because she didn't want to lose her CEO position after buyout and merger.
I would see Scotia Bank making an offer since they like Mexico and South America. So why would they not want to expand in Quebec ?. (safer than Columbia).
After the next quarterly report we will have a good idea of improvement in earnings. It will provide new infos for new takeover talks,

Dean....you're forgetting this poster is insidersnoop. He likely had the offices where the negoiations took place bugged. No way he would make stuff like this up ;-)