Loading ...National Bank to buy Canadian Western Bank in $3.64 billion deal
National Bank of Canada has agreed to buy Canadian Western Bank in a deal valued at C$5 billion ($3.64 billion), the companies said on Tuesday.
The deal for C$52.24 per share represents a 110% premium to CWB’s last close.
The banks said each CWB share will be exchanged for 0.450 of a common share of National Bank.
The deal is expected to close by the end of 2025.