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- Laurentian Bank announces sale to Fairstone Bank and National Bank
Fairstone Bank of Canada has agreed to acquire Laurentian Bank of Canada for $1 9 billion in cash As part of the deal, Laurentian Bank will sell its retail and small-and-medium-sized business
- Canada’s Fairstone to buy Laurentian in $1. 9 billion deal
Laurentian Bank of Canada reached an agreement to sell itself to Fairstone Bank for $1 9 billion and will hive off its retail banking unit to focus on commercial lending
- Fairstone Bank to Buy Laurentian Bank for About C$1. 9 Billion
Fairstone Bank of Canada entered an agreement to buy Laurentian Bank of Canada for about 1 9 billion Canadian dollars ($1 36 billion), a deal which comes as the latter accelerates its shift toward
- Fairstone Bank to buy Laurentian Bank of Canada for $1. 9 billion
The bank, which is moving its headquarters to Montreal as part of the agreement to buy Laurentian, also picks up business lines in inventory and equipment financing to add to its lending portfolio of personal loans, home equity loans and mortgages
- Canada’s Laurentian Bank splits off its commercial, retail ops
National Bank of Canada will acquire the Montreal lender’s retail presence and Laurentian’s Québec branches will close Fairstone Bank will buy Laurentian’s commercial lending for $1 4 billion
- Canada’s 175-Year-Old Laurentian Bank Sold in Breakup to National Bank . . .
Under the agreed-upon terms, Fairstone Bank of Canada will acquire Laurentian’s commercial banking operations for approximately $1 9 billion in cash, or $40 50 per share
- Fairstone steps in to acquire Laurentian Bank | Canadian Mortgage . . .
The agreement is valued at about $1 9 billion in total, with Fairstone set to acquire all outstanding common shares of Laurentian
- Laurentian Bank Sells Itself to Fairstone, National Bank: Canada Daily . . .
Laurentian’s more valuable parts, namely its commercial lending business, are being taken over by Fairstone Bank in a C$1 9 billion ($1 4 billion) deal
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