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via finance.yahoo.comBusiness & Companies

Laurentian Bank completes transactions with NBC and Fairstone Bank

FROM THE WIRE · FINANCE.YAHOO.COM

MONTREAL, Nov. 2, 2026 /CNW/ -- Laurentian Bank of Canada ("Laurentian Bank"), National Bank of Canada ("NBC") and Fairstone Bank of Canada ("Fairstone Bank") are pleased to announce the completion of the previously announced transactions between Laurentian Bank and each of NBC…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralCompletion of the bank transactions is relevant for the Canadian stocks involved.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01NBC acquired Laurentian Bank's retail and SME banking portfolios.
  2. 02Fairstone Bank acquired all outstanding common shares of Laurentian Bank.
  3. 03The acquisition price is 40.50 dollars per common share in cash.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Laurentian Bank of CanadaLB.TOStock40.49 CAD+0.15%today +0.15%Neutral National Bank of CanadaNA.TOStock212.41 CAD+0.87%today +0.87%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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