Saturday, November 25, 2006

M&A activity sets record in 3rd quarter

Canadian mergers and acquisitions totalled $90.3-billion in the third quarter, beating a quarterly record hit at the peak of the technology boom, Crosbie & Co. Inc. says.

In its quarterly report on Canadian M&A activity, the Toronto-based investment bank said the third-quarter total eclipsed the previous record of $79.1-billion set in the second quarter of 2000. It surpassed the $68.9-billion of deals in this year's second quarter, and was almost double the $53.7-billion in third quarter of 2005. Read More.

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