EQB to Acquire PC Financial for $800 Million
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EQB Inc. is set to acquire PC Financial from Loblaw for approximately $800 million, based on a 1.15x multiple of book value as of September 30, 2025. The acquisition will be funded through EQB's existing resources and aims to achieve $30 million in annual cost synergies. Post-acquisition, Loblaw will have certain rights and restrictions regarding EQB's shares. The deal is expected to enhance EQB's EPS and return on equity, focusing on innovation in Canadian digital banking.
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