Business
Laurentian Bank Shareholders Vote in Favour of the Transaction with Fairstone Bank of Canada
Laurentian Bank of Canada ("Laurentian Bank" or the "Bank") is pleased to announce that at its special meeting of holders ("Shareholders") of common shares of Laurentian Bank ("Common Shares") held today (the "Meeting"), Shareholders voted in favour of a special resolution approving the previously announced transaction pursuant to which Fairstone Bank of Canada ("Fairstone Bank") will acquire all of the issued and outstanding Common Shares at a price per share of $40.50 (the "Acquisition Transac
About this update from Laurentian Bank Of Canada
[{"type":"text","content":"MONTREAL, Feb. 5, 2026 /CNW/ - Laurentian Bank of Canada ("Laurentian Bank" or the "Bank") is pleased to announce that at its special meeting of holders ("Shareholders") of common shares of Laurentian Bank ("Common Shares") held today (the "Meeting"), Shareholders voted in favour of a special resolution approving the previously announced transaction pursuant to which Fairstone Bank of Canada ("Fairstone Bank") will acquire all of the issued and outstanding Common Shares at a price per share of $40.50 (the "Acquisition Transaction").","length":618,"tagName":"p"},{"type":"image","alt":"Laurentian Bank of Canada Logo (CNW Group/Laurentian Bank of Canada)","displaySize":"","headline":null,"caption":"Laurentian Bank of Canada Logo (CNW Group/Laurentian Bank of Canada)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":154,"url":"https://media.zenfs.com/en/cnwgroup.com/8471aeeaf8848063f8c864d7978209ca"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/NV16IlsyMWiut_LvkC_J2Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI3MTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/8471aeeaf8848063f8c864d7978209ca","width":400,"height":154}},"href":"https://mma.prnewswire.com/media/2888275/Laurentian_Bank_of_Canada_Laurentian_Bank_Shareholders_Vote_in_F.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Acquisition Transaction required the approval of 66⅔% of the votes cast by Shareholders present or represented by proxy and entitled to vote at the Meeting (the "Required Shareholder Approval"). At the Meeting, the resolution approving the Acquisition Transaction was approved by 98.77% of the votes cast by Shareholders. A copy of the report of voting results will be available on Laurentian Bank's SEDAR+ profile at www.sedarplus.com and on Laurentian Bank's website at https://www.laurentianbank.ca/en/about-us/investor-relations/special-meeting-of-shareholders.","length":587,"tagName":"p"},{"type":"text","content":""We are pleased that Shareholders have recognized that the Acquisition Transaction is in the best interests of the Bank and its Shareholders," said Eric Provost, President and Chief Executive Officer. "This vote confirms strong support for a future in which the Bank can accel...