Fewer Canadian M&A deals capture $101 bln in Q1 2016: Crosbie
Canadian merger and acquisition (M&A) activity continued its downward trend in the first quarter of 2016, reflecting the lowest level of deal-making since 2012, Crosbie & Co reported. However, deal value, totaling $101 billion, was at near-record levels due to several large mega-deals (deals sized over $1 billion), including TransCanada’s $18 billion offer to acquire Columbia Pipeline Group. Domestic M&A activity saw 408 deals valued at about $36 billion in Q1 2016, while outbound activity consisted of 194 deals valued at about $66 billion. The Crosbie report was developed using data from Capital IQ and other sources.
11 May 2016•3 mins read
