Tuesday, September 25, 2007

Canadian M&A rockets 81%

September 24 - Financial News - Canadian mergers and acquisitions surpassed last year's record by 81% on mining and energy pacts, as this morning's activity hit more than $8bn (€5.67bn).

Abu Dhabi National Energy announced today it will buy Canada’s PrimeWest Energy Trust for $5bn, while Canada’s Yamana Gold ended a long-running drama over its three-way hostile deal for Meridian Gold by snapping up the rival gold miner for $3.56bn while folding in its previous acquisition of Northern Orion Resources, valued at just over $1bn. Read More.

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