03:52 PM EST - Canadian Western Bank : announced that on January 1, 2010, it completed its previously announced acquisition of National Leasing Group Inc. Under terms of the deal, CWB acquires 100% of the common shares of National Leasing in exchange for $52.8 million of cash and 2.1 million CWB common shares based on an issue price of $22.42 per share, together with the vendors' participating retained interest in National Leasing. The finalized retained interest equated to 23.75% or $30.9 million of the $130 million enterprise value, and is represented by the vendors holding preferred shares of National Leasing. Canadian Western Bank
shares T.CWB are trading up $0.06 at $20.62.
