(Reuters) - The companies said each Shiningbank trust unit will be exchanged for 0.62 of a PrimeWest trust unit.
Based on the C$23.55 closing level of PrimeWest on Wednesday, that values each Shiningbank unit at C$14.60 and the company at around C$1.25 billion, based on the number of shares outstanding, according to Reuters data.
Read more at Reuters.com Mergers News
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