TSX:BNSBanks
Scotiabank Jamaica Take Private Proposal And What It Means For BNS
Scotiabank has proposed acquiring all outstanding shares of Scotia Group Jamaica Limited to make it a wholly owned, privately held subsidiary.
The transaction would consolidate Scotiabank's control over its Jamaican operations and remove Scotia Group Jamaica from public markets.
For investors watching Bank of Nova Scotia, TSX:BNS, this proposal comes with the stock trading around CA$115.27 and showing a 12.6% return year to date and 63.8% over the past year. Those figures set the backdrop...