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Bank Drops Takeover Bid for Canadian Credit Union

MAR 10, 2008 9:41pm ET

ALBERTA, Canada – Western Financial Group, parent of Bank West, announced yesterday it is dropping its $345 million offer to acquire Community Savings CU, Alberta’s second-largest credit union, after the board of the $2.7 billion credit union said it wouldn’t put the bank’s offer to its members for a vote....

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