TD Bank announces new co-heads of U.S. commercial banking business

MONTREAL – Lightspeed Commerce Inc. says it is conducting a review of its business and operations including talks relating to a range of potential strategic alternatives.

The Montreal-based payments technology company made the comments after reports concerning a potential transaction involving the company.

Lightspeed says it periodically undertakes a review of its business and operations with a view of realizing its full potential.

A strategic review is often seen by investors as a prelude to a sale by a company.

Lightspeed says its board of directors is committed to acting in the best interests of the company and its stakeholders.

Company founder Dax Dasilva returned to the role of chief executive officer earlier this year and has been working to return the company to profitability.

This report by The Canadian Press was first published Sept. 26, 2024.

Companies in this story: (TSX:LSPD)

The Canadian Press. All rights reserved.

MONTREAL – National Bank of Canada says it has cleared a key regulatory hurdle in its proposed acquisition of Canadian Western Bank.

The Montreal-based bank says it has received the Competition Bureau’s clearance for the deal.

The transaction still requires approval by the Office of the Superintendent of Financial Institutions and the minister of finance.

Canadian Western shareholders voted to approve the deal earlier this month.

National Bank announced an all-stock deal to buy Canadian Western earlier this year in a proposal that valued the Edmonton-based bank at about $5 billion.

It has said its acquisition of Canadian Western will significantly expand its western footprint and create a stronger national competitor.

This report by The Canadian Press was first published Sept. 26, 2024.

Companies in this story: (TSX:NA, TSX:CWB)

The Canadian Press. All rights reserved.

TORONTO – The sale of Sleep Country Canada Holdings Inc. to Fairfax Financial Holdings Ltd. has received final court approval.

The mattress retailer says the approval from the Ontario Superior Court of Justice comes after Sleep Country shareholders earlier this month voted 99.93 per cent in favour of the deal.

CEO Stewart Schaefer told investors after the vote he was pleased they approved the agreement, which he says will unlock shareholder value.

The $1.7-billion deal will see Fairfax acquire all issued and outstanding common shares of Sleep Country for $35 per share.

Sleep Country says the deal is expected to close on or about Oct. 1, subject to customary closing conditions.

Once the deal is completed, Sleep Country will apply to delist from the Toronto Stock Exchange.

This report by The Canadian Press was first published Sept. 26, 2024.

Companies in this story: (TSX:ZZZ)

The Canadian Press. All rights reserved.