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M&A

CIBC recommends shareholders reject TRC Capital Investment's below-market "mini-tender" offer for common…

Lane
M&A
Announced
27 Feb 2026
Province
Ontario
Industry
Unclassified
Status
Announced
What the filing says
CIBC (TSX: CM ) (NYSE: CM) has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation (TRC Capital Investment) to purchase up to 1,000,000 CIBC common shares, approximately 0.109% of the common shares outstanding as at February 18, 2026, at a below-market price of CAD $126.50 per share in cash.
Terms stated
price per security
Source

The terms are in the subscriber edition

This transaction carries 1 stated term, with its value, unit and basis.

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Compiled from public filings, court documents, exchange bulletins and issuer releases. Figures are as disclosed and are not independently verified.

Not financial, investment, legal or tax advice, and not an offer to buy or sell any security. Verify everything before you transact.

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