National Bank deal to buy CWB is a win for National: analyst

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National Bank deal to buy CWB is a win for National: analyst
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National Bank of Canada’s deal to buy Canadian Western Bank (CWB) for about $5 billion in an all-stock deal is a win for the acquiring company, according to Veritas analyst Nigel D’Souza.

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Canadian Western Bank shares soar after National Bank tie-up announcedCanadian Western Bank shares soar after National Bank tie-up announcedCWB shares were up 70% to $42.35 in midafternoon on the Toronto Stock Exchange after National Bank announced the all-share deal that it said values CWB at $52.24 a share
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