Posted by & filed under Company Analysis, Growth & Valuation, Personal Finance.

Description: PrivateBancorp Inc. investors approved a $4.9 billion takeover by Canadian Imperial Bank of Commerce after the Toronto-based lender sweetened its deal twice to win over shareholders.

Source: Bloomberg.com

Date: May 12, 2017

Link: https://www.bloomberg.com/news/articles/2017-05-12/privatebancorp-holders-approve-4-9-billion-cibc-takeover-offer

Questions for discussion:

  • Why is this a good deal for both parties?
  • What are the risks going forward?

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