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Gold/Mining/Energy : TD - Toronto Dominion Bank
TD 80.94+0.6%Nov 7 9:30 AM EST

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To: Pete Mimmack who wrote (18)4/17/1998 3:21:00 PM
From: Zirdu  Read Replies (2) of 358
 
TD shareholders to get 1.318 shares of the new bank, for each TD share.

TD and CIBC both trading down on the news. I guess this is another example of buy on the rumor, sell on the news. I have to like the combined bank, however.

What would be interesting, in my opinion, is for this new combined bank to get bought out by a non-Canadian bank, somewhere down the line.

Does anyone know anything about CIBC? What operations do they have in US and outside of Canada?
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