The good and bad of CIBC's purchase of PrivateBancorp

The good and bad of CIBC's purchase of PrivateBancorp Back to video Article content CIBC shares fell 2.55 per cent to $97.92 on Thursday, after it unveiled the latest step in its long-awaited U.S. expansion strategy.

CouponFollow Extension

$97.92
OFF

The Good And Bad Of CIBC's Purchase Of PrivateBancorp

2 weeks from now

financialpost.com

$18.80
OFF

CIBC Bid For PrivateBancorp: A Very Bad Deal For CIBC Shareholders

2 weeks from now

Apr 3, 2017 · The CIBC initially, as of June 29, had offered $18.80 in cash and 0.3657 of a common share in exchange for each PrivateBancorp share, valuing PVTB at about $35 a …

seekingalpha.com

$4
OFF

CIBC's Big $4.9-billion Deal To Buy PrivateBancorp Has A Payoff …

2 weeks from now

Jun 29, 2016 · CIBC to buy Chicago's PrivateBancorp in $4.9-billion deal to boost U.S. footprint CIBC, Scotia deepen relationship with Montreal fintech player Thinking Capital CIBC boost …

financialpost.com

$47
OFF

Canadian Imperial Bank Of Commerce’s U.S. Foray Through …

2 weeks from now

Jun 29, 2016 · Wednesday’s cash-and-stock deal values PrivateBancorp at $47 per share, with 40 per cent of the deal being settled in cash and 60 per cent in CIBC common stock. While …

financialpost.com

$5
OFF

CIBC To Buy PrivateBancorp For Almost $5B In Friendly Deal

2 weeks from now

Jun 29, 2016 · CIBC is offering to buy Chicago-based PrivateBancorp, Inc. in a friendly deal valued at $4.9 billion, or $3.8 billion US, as it seeks to grow its presence in the U.S. banking …

cbc.ca

$5
OFF

PrivateBank Changing Name To CIBC Bank USA After $5 Billion Deal

2 weeks from now

Aug 16, 2017 · Toronto-based CIBC closed on its acquisition of PrivateBancorp in June in a cash and stock deal valued at $5 billion. Richman will lead CIBC’s U.S. region.

chicagotribune.com

$5
OFF

Canada's CIBC Completes $5 Billion PrivateBancorp Buy

2 weeks from now

Jun 23, 2017 · Canadian Imperial Bank of Commerce <CM.TO> has completed the $5 billion acquisition of Chicago-based PrivateBancorp <PVTB.O>, which will help it diversify from its …

reuters.com

$3
OFF

Canada's CIBC To Pay $3.8 Billion For PrivateBancorp, Expand In U.S.

2 weeks from now

Jun 29, 2016 · CIBC's stock was down 3.1 percent in early trade, while shares in PrivateBancorp were up 22.4 percent to $43.99, below the $47 dollar value of the deal based on Monday's …

reuters.com

$4
OFF

PrivateBancorp Shareholders Approve Takeover By Canada's CIBC

2 weeks from now

May 12, 2017 · PrivateBancorp shareholders on Friday voted to approve a C$4.9 billion ($3.6 billion) purchase by Canadian Imperial Bank of Commerce, ending an 11-month takeover …

yahoo.com

$3
OFF

CIBC To Buy PrivateBancorp In $3.8 Billion Deal - WSJ

2 weeks from now

A Canadian Imperial Bank of Commerce plans to swap $18.80 in cash plus 0.3657 of a CIBC share for each share of PrivateBancorp in the acquisition.

wsj.com

$4
OFF

Breaking Down CIBC's $4.9 Billion Acquisition Of PrivateBancorp

2 weeks from now

Jul 5, 2016 · Early last week, the Canadian Imperial Bank of Commerce (NYSE:CM), also known as CIBC, announced that it will be acquiring Chicago-based PrivateBancorp (PVTB) in a CAD …

seekingalpha.com

$3
OFF

Canada's CIBC Is Buying Chicago's PrivateBancorp For $3.8 Billion

2 weeks from now

Jun 29, 2016 · Canadian Imperial Bank of Commerce (CIBC) is buying Chicago-based PrivateBancorp in a cash-and-stock deal valued at about $3.8 billion. To expand its reach into …

fortune.com

$4
OFF

PrivateBancorp Shareholders Approve Takeover By Canada's CIBC

2 weeks from now

May 12, 2017 · PrivateBancorp shareholders on Friday voted to approve a C$4.9 billion ($3.6 billion) purchase by Canadian Imperial Bank of Commerce, ending an 11-month takeover saga.

reuters.com

FAQs about The good and bad of CIBC's purchase of PrivateBancorp Coupon?

How did PrivateBancorp & CIBC compare?

PrivateBancorp’s stock spiked 23 per cent to close at US$44.29 on the news, while CIBC saw its stock pull back 2.5 per cent, or $2.56, to $97.92. CIBC chief financial officer Kevin Glass said during the conference call that the takeover is expected to trim earnings by 12 cents a share in first year after deal closes. ...

How much is CIBC stock worth?

Based on the June 28, 2016 closing price of CIBC's common shares on the New York Stock Exchange (US$77.11), the total transaction value is approximately US$3.8 billion (C$4.9 billion) or US$47.00 of value per share of PrivateBancorp common stock at announcement. ...

How will CIBC & PrivateBancorp's proposed transaction work?

The proposed transaction between CIBC and PrivateBancorp, Inc. will be submitted to PrivateBancorp’s stockholders for their consideration. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. ...

How much is PrivateBancorp's cash-and-stock deal worth?

Wednesday’s cash-and-stock deal values PrivateBancorp at $47 per share, with 40 per cent of the deal being settled in cash and 60 per cent in CIBC common stock. ...

Does CIBC own PrivateBank?

Canadian Imperial Bank of Commerce (CIBC) has entered into a definitive agreement to acquire PrivateBancorp, Inc. and its subsidiary, The PrivateBank, a high-qualityChicago-based middle market commercial bank with US$17.7 billion in assets, complemented by private banking and wealth management capabilities. ...

Is CIBC a big company outside of Canada?

Wednesday’s deal represents one of the biggest for CIBC outside of Canada and gives it a sizable footprint in the U.S. Midwest. PrivateBancorp offers retail, commercial and wealth management services under the brand name The PrivateBank, with the majority of its branches in the Chicago area. ...