UPDATE 1-Parkland Fuel to buy 75 pct in fuel marketer SOL Investments for C$1.57 bln [Reuters]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
Check Earnings Report
US:NYSE Investor Relations:
cibc.com/en/about-cibc/investor-relations.html
Company Research
Source: Reuters
Parkland Fuel to buy 75 percent in fuel marketer SOL Investments for C$1.57 billion | Reuters 2 Min Read (Reuters) - Parkland Fuel Corp ( PKI.TO ), a Canada-based marketer of petroleum products, said on Wednesday it would buy a 75 percent stake in privately held SOL Investments Ltd and its units for C$1.57 billion ($1.21 billion). The deal gives Parkland access to 526 retail gas stations, expanding its presence in the U.S. Gulf and Atlantic coasts, the company said. Upon closing of the deal, SOL’s parent company Simpson Group will own a stake of about 10 percent in Parkland, the companies said in a statement. Parkland will also get a call option for purchase of the remaining 25 percent stake in the company. The transaction will be financed by Parkland through debt financing of around C$1.1 billion underwritten by Canadian Imperial Bank of Commerce and National Bank of Canada. Last year, Parkland signed a deal to buy Chevron Corp’s ( CVX.N ) gasoline stations and refinery in Britis
Show less
Read more
Impact Snapshot
Event Time:
CM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CM alerts
High impacting Canadian Imperial Bank of Commerce news events
Weekly update
A roundup of the hottest topics
CM
News
- The pay for Manulife's CEO is head and shoulders above peers [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Most actively traded companies on the Toronto Stock Exchange [Financial Post (Toronto, Ontario, Canada)]Financial Post
- CIBC Innovation Banking Provides Credit Facilities to Q4 Inc.Business Wire
- TD Courts Foreign Students Amid Canada's Cap on Study Permits [BNN Bloomberg (Canada)]BNN Bloomberg
- Canada's immigration dilemma — not enough workers or not enough homes [Financial Post (Toronto, Ontario, Canada)]Financial Post
CM
Earnings
- 2/29/24 - Beat
CM
Sec Filings
- 4/25/24 - Form FWP
- 4/23/24 - Form SBSE-A/A
- 4/19/24 - Form 424B2
- CM's page on the SEC website