Bank of Montreal is getting the green light for its US$16.3 billion acquisition of Bank of the West, clearing the final regulatory approval for its major U.S. expansion.
of Bank of the West, clearing the final regulatory approval for its major U.S. expansion. BMO says it expects the deal – which will create the 15th-largest U.S. lender and expand its footprint into 32 states – will close Feb. 1 after the U.S. Federal Reserve signed off on the transaction. The Bank of the West deal is the largest ever acquisition of a U.S.
MTY Food Group is returning more cash to shareholders, announcing it’s hiking it quarterly dividend 19 per cent to $0.25 per share in the wake of its recent acquisitions of BBQ Holdings and Wetzel’s Pretzels. Seems older Canadians are tapping into their home equity after the pandemic-fuelled run-up in prices – HomeEquity Bank says it booked more than $1 billion worth of reverse mortgages in 2022, up 30 per cent from a year prior.
Shares of Moderna are rallying in the premarket – up about eight per cent – after the company said a respiratory vaccine it’s developing proved 84 per cent effective for older adults. Shares of United Airlines are also gaining in the premarket, up three per cent, after the company said its first-quarter profit will be more than double analyst expectations.Notable data: Industrial Product and Raw Materials Price Indices, U.S. Retail Sales, U.S. Producer Price Index, U.S. Industrial Production and Capacity Utilization, NAHB Housing Index, Business Inventories, Beige Book
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U.S. Fed approves BMO's US$16.3B Bank of the West takeover - BNN BloombergBank of Montreal has received approval from the the Federal Reserve to acquire San Francisco-based Bank of the West, a combination that will create the 15th-largest U.S. lender.
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U.S. regulators approve BMO’s takeover of Bank of the WestThe US$16.3-billion deal is the largest-ever purchase of a U.S. bank by a Canadian lender
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BMO gets green light to buy Bank of the West in biggest deal ever for Canadian bankFederal Reserve approves BMO\u0027s takeover of Bank of the West, a combination that will create the 15th\u002Dlargest U.S. lender. Read more
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