Good for Bank of Nova Scotia (Scotiabank) as it acquire DundeeWealth for C$2.3 bln
Posted on November 22, 2010 at 11:00 AM EST
Canada’s third-largest lender, Bank of Nova Scotia (BNS) (Scotiabank) agreed to acquire the 82 percent of independent wealth management group DundeeWealth (DW) for C$2.3 billion. The value of the offer to DundeeWealth shareholders is $21.00 per common share representing an enterprise value for DundeeWealth of approximately $3.2 billion. Scotiabank will offer 0.2497 of a Scotiabank common [...]
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