Monday, May 14, 2007

Canada firms enjoy their own foreign buying spree

May 9 - Reuters - As protestsmount in Canada over a spate of foreign takeovers of some ofthe country's biggest companies, data showed on Wednesday that Canadian firms have been on a buying spree of their own overseas.

An analysis by KPMG's corporate finance practice in Canada shows that there were 790 foreign acquisitions by Canadian firms through 2005 and 2006. That compares with 660 foreign acquisitions of Canadian companies in the same period. Read More.

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