Canadian M&A in third quarter spurred by outbound deals: Crosbie
Canadian merger and acquisition activity experienced a rebound in the third quarter of 2015, ending a streak of four consecutive quarters of declining activity. That's according to data developed by Crosbie & Co using Capital IQ and other sources. A total of 673 deals announced in Q3 2015 had a value of $92 billion, down from a year ago, but up from Q2 2015. Crosbie said the quarter over quarter growth was partly due to transactions in which Canadian businesses acquired a foreign target. Domestic deals totaled 433 in the third quarter and reflected $18 billion in value, down from a year ago, but consistent with the previous three months.
13 November 2015•3 mins read
