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Stock impact report

CIBC to sell portion of its stake in CIBC FirstCaribbean for $797 mln [Reuters]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
Company Research Source: Reuters
CIBC to sell portion of its stake in CIBC FirstCaribbean for $797 mln Nov 8 (Reuters) - Canadian Imperial Bank of Commerce (CIBC) said on Friday it had agreed to sell a significant portion of its majority stake in CIBC FirstCaribbean to GNB Financial Group for $797 million. Following the deal, CIBC will have a 24.9% stake in FirstCaribbean, the company said in a statement. ( reut.rs/2PYsYC0 Reporting by Bharath Manjesh in Bengaluru; Editing by AnilD'Silva Our Standards: The Thomson Reuters Trust Principles. Show less Read more
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