National Bank completes C$273 million acquisition of Wellington West

Torys acted as counsel to National Bank Financial Group with a team that included Sharon Geraghty, Michael Pickersgill, Dean Kotwal, Huw Evans and Miriam Levin (corporate), John Unger and Saira Bhojani (tax), Blair Keefe and Christine Vogelesang (regulatory), Andrew Gray (litigation), Reesha Hosein (employment) and Omar Wakil and Damien Liddle (competition).

On July 15, 2011, National Bank Financial Group (TSX: NA) announced the completion of its acquisition of Wellington West Holdings Inc. with the result that Wellington West Holdings Inc. and its subsidiaries have become wholly owned by National Bank. National Bank Financial Group acquired Wellington West for approximately C$273 million. Each Wellington West shareholder was entitled to receive consideration for their shares in either cash or common shares of National Bank, at their option, up to an aggregate maximum of 2.2 million common shares.

Further information is available on National Bank's website.