TORONTO - CIBC announced a deal to sell its 91.67 per cent interest in CIBC Caribbean to the Bank of N.T. Butterfield & Son for a total of US$1.6 billion
TORONTO - CIBC announced a deal to sell its 91.67 per cent interest in CIBC Caribbean to the Bank of N.T. Butterfield & Son for a total of US$1.6 billion in cash and stock as it reported its second-quarter profit rose compared with a year ago.
Under the CIBC Caribbean agreement, the bank says it will receive US$1 billion in cash and 52.1 million Butterfield common shares, which will represent about a 22 per cent stake in the company.
CIBC announces deal to sell Caribbean business for US$1.6 billion as it beats profit forecasts
Butterfield to acquire control of CIBC Caribbean in US$1.8b deal
Butterfield Shares Climb On $1.8 Billion CIBC Caribbean Acquisition - Bank of N.T Butterfield (NYSE:NTB)
CIBC selling Caribbean division for US$1.6 billion as it refocuses efforts on North American market
Canadians could get slice of $11 million in CIBC settlement. Here's how to check if you're eligible
RBC tops expectations, hikes dividend after profits rise across the board
Bank Of Nova Scotia Stock Hits 52-Week High - Here's Why - Bank of Nova Scotia (NYSE:BNS)
BMO Financial Group Increases Common Share Dividend by 4 cents from the prior quarter, up 5 percent from the prior year
CIBC announces Senior Executive Leadership Changes
CW BANCORP Quarterly Cash Dividend
CIBC extended its more than two-year streak of surpassing analyst estimates by showing growth across all its businesses. Read more
The Bank of NT Butterfield & Son Limited is set to acquire control of CIBC Caribbean Bank Limited in a US$1.8 billion deal…
Butterfield announces acquisition of 91.7% stake in CIBC Caribbean for $1.8B, creating a larger financial platform across the…
CIBC is selling its Caribbean division for US$1.6-billion in a move that will allow it to “reallocate significant capital." Read…
CIBC Caribbean arranged more than US$3.5 billion in financing transactions across the Caribbean in 2025, underscoring the…
The International Finance Corporation (IFC) plans to invest US$10 million in a Caribbean Community (CARICOM) fund managed by…
