Canadian M&A deal-making still slow, despite higher values
Mergers and acquisitions in Canada showed a continuing "sluggish tone" in the third quarter of the year, reports Crosbie & Company. The Financial Post Crosbie: Mergers & Acquisitions in Canada database found 205 transactions announced in this period, or the lowest number since the bottom of the market cycle in Q1 2009. On the other hand, deals values, totaling $49 billion in the third quarter, increased 21% year over year. This was due to few large transactions, particularly in the retail and real estate sectors. Crosbie managing director Colin Walker said that “strong value in the face of weak activity partly reflects the fact that that many transactions are getting done at good valuations.”
27 November 2013•4 mins read
