Mega-deals drive Q3 Canadian M&A values to four-year high: Crosbie

Canadian merger and acquisition (M&A) deal values hit a four-year high in the third quarter of 2016 due to several high-profile mega-deals, Crosbie & Co reported. According to data developed from Capital IQ and other sources, 681 deals took $132.4 billion in this period, up from 672 deals worth $79.6 billion a year ago. Enbridge Inc’s offer to buy Spectra Energy Corp, and the planned combination of Agrium Inc and Potash Corp, accounted for about 65 percent of all values. In the domestic market, Crosbie counted 461 deals valued at $46.7 billion in Q3 2016, which is also up from the 433 deals worth $17.7 billion a year ago.