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Canadian Imperial Bank of Commerce (CM.N)

CM.N on New York Stock Exchange

88.78USD
10:56am EDT
Change (% chg)

$-0.13 (-0.15%)
Prev Close
$88.91
Open
$89.13
Day's High
$89.31
Day's Low
$88.66
Volume
46,297
Avg. Vol
294,413
52-wk High
$92.20
52-wk Low
$72.62

Latest Key Developments (Source: Significant Developments)

‍Canadian Imperial says selling shareholder may offer to sell 791,814 common shares of co
Thursday, 31 Aug 2017 04:51pm EDT 

Aug 31 (Reuters) - Canadian Imperial Bank Of Commerce :‍canadian Imperial Bank of Commerce files to say selling shareholder may offer to sell 791,814 common shares of co - SEC filing​.  Full Article

CIBC says adequate buffer to withstand house price declines
Thursday, 24 Aug 2017 08:47am EDT 

Aug 24 (Reuters) - Canadian Imperial Bank Of Commerce :Cibc ceo says inorganic activity "will be largely on hold for an interim period".Cibc cro says bank has adequate buffer to withstand drop in housing prices.Cibc retail head says starting to see evidence of softening in toronto housing market, anticipates further softening.  Full Article

CIBC announces senior executive changes
Tuesday, 20 Jun 2017 08:30am EDT 

June 20 (Reuters) - Canadian Imperial Bank Of Commerce :Cibc announces senior executive changes.Canadian imperial bank of commerce - jon hountalas has been named group head, commercial banking and wealth management, canada.Canadian imperial bank of commerce - christina kramer has been named group head, personal and small business banking, canada.Canadian imperial bank of commerce - kevin glass continues as chief finance officer.Says ‍harry culham continues as group head, capital markets​.Canadian imperial bank of commerce - laura dottori-attanasio continues as chief risk officer.Canadian imperial bank of commerce - deepak khandelwal will join cibc in august as group head, client connectivity and innovation.Canadian imperial bank of commerce - brian lee continues as senior vice-president and chief auditor, and an observer on cibc's operating committee.Canadian imperial bank of commerce - david williamson, sevp and group head, retail and business banking, will be leaving cibc in q1 of 2018.Canadian imperial bank of commerce - ‍larry richman to become group head, u.s. Region, and president & ceo, privatebank on after acquisition of privatebancorp.Canadian imperial bank of commerce - in interim, williamson will act as a strategic advisor to dodig and client connectivity and innovation team.Canadian imperial bank of commerce - steve geist, sevp and group head, wealth management, will be leaving cibc at end of year.  Full Article

CIBC receives all required regulatory approvals for PrivateBancorp transaction
Thursday, 8 Jun 2017 08:00am EDT 

June 8 (Reuters) - Canadian Imperial Bank Of Commerce :CIBC receives all required regulatory approvals for PrivateBancorp transaction.‍CIBC and PrivateBancorp anticipate that acquisition will close on June 23, 2017​.  Full Article

CIBC announces increase to preferred share issue
Thursday, 25 May 2017 03:06pm EDT 

May 25 (Reuters) - Canadian Imperial Bank Of Commerce :Cibc announces increase to preferred share issue.Canadian imperial bank of commerce says gross proceeds of offering will now be $800 million.Canadian imperial bank - domestic public offering of non-cumulative rate reset class a preferred shares, series 45, size of offering increased to 32 million shares.  Full Article

Privatebancorp stockholders approve acquisition by CIBC
Friday, 12 May 2017 10:11am EDT 

May 12 (Reuters) - Privatebancorp Inc :Privatebancorp stockholders approve acquisition by cibc.Privatebancorp Inc - companies are confident that remaining closing conditions will be satisfied in time to close transaction in June 2017.  Full Article

CIBC and PrivateBancorp announce increase in consideration under amended merger agreement
Thursday, 4 May 2017 07:30am EDT 

May 4 (Reuters) - Canadian Imperial Bank Of Commerce :Cibc and privatebancorp announce increase in consideration under amended merger agreement.Privatebancorp inc - terms provide additional us$3.00 cash.Privatebancorp inc- amendment that increases cash consideration under previously amended merger agreement.Privatebancorp inc - privatebancorp board of directors unanimously recommends stockholders vote in favor of amended agreement.Privatebancorp inc- amended agreement values privatebancorp at approximately us$4.9 billion.Privatebancorp - under amended agreement, consideration in aggregate will be $27.20 in cash, 0.4176 of cibc share for each share of co held.Privatebancorp inc- terms of amended agreement represent cibc's best and final offer to privatebancorp stockholders.Privatebancorp - cibc to satisfy consideration payable to co by paying about us$2.2 billion in cash and issuing approximately 33.5 million cibc common shares.Privatebancorp inc - cibc expects transaction will be accretive to earnings per share within three years of closing date.Privatebancorp inc - cibc intends to adjust anticipated june 28, 2017 record date for its next quarterly dividend.  Full Article

BRIEF-PrivateBancorp says termination fee in CIBC deal revised to $198 mln
Thursday, 30 Mar 2017 01:14pm EDT 

Corrects headline to say termination fee was revised; termination fee now $198 mln, not $150 mln.PrivateBancorp Inc : Amendment to agreement and plan of merger with Canadian Imperial Bank of Commerce (CIBC) revises amount of termination fee to be $198 million - SEC filing . Original merger agreement provided that termination fee of $150 million would be payable by PrivateBancorp to CIBC upon termination of merger agreement Source: http://bit.ly/2njFgTI Further company coverage: [PVTB.O] [CM.TO] ((bangalore.newsroom@thomsonreuters.com;)) Keywords: (CORRECTED).  Full Article

CIBC, Privatebancorp announce revised merger agreement
Thursday, 30 Mar 2017 09:15am EDT 

Privatebancorp Inc : Cibc and Privatebancorp announce revised merger agreement . Privatebancorp Inc - stockholders will receive, upon completion of proposed merger with CIBC, US$24.20 in cash and 0.4176 of a CIBC common share . Privatebancorp Inc - amended agreement values Privatebancorp at approximately 2.7 times tangible book value as of December 31, 2016 . Privatebancorp Inc - CIBC estimates that completion of transaction will contribute approximately US$340 million (c$450 million) of net income in fiscal 2020 . Privatebancorp Inc - board unanimously supports amended terms and continues to recommend that Privatebancorp stockholders approve transaction . Privatebancorp Inc-CIBC estimates that completion of transaction wil become accretive to CIBC's earnings per share within three years of closing date . Privatebancorp Inc - CIBC expects to maintain a "strong" common equity tier (cet) 1 ratio at closing above 10 per cent .Privatebancorp Inc - amended agreement values privatebancorp at approximately US$4.9 billion.  Full Article

CIBC receives TSX approval for normal course issuer bid
Friday, 10 Mar 2017 09:00am EST 

Canadian Imperial Bank Of Commerce : CIBC receives TSX approval for normal course issuer bid .Canadian Imperial Bank Of Commerce- the approval would permit CIBC to purchase for cancellation from time to time up to eight million common shares.  Full Article

BRIEF-President's Choice Bank announced mutual agreement to end 20-yr relationship with CIBC​

* President's Choice Bank -announced a mutual agreement to end its 20-year relationship with CIBC​ Source text for Eikon: Further company coverage: