November 13 - Reuters - Mergers and acquisitions in Canada stayed buoyant in the third quarter, data showed on Tuesday, and should remain so for the rest of the year, driven by strategic buyers but also the resurgence of private equity groups.
Canadian companies announced transactions worth C$91 billion ($95 billion) in the third quarter, according to data compiled by Toronto niche investment bank Crosbie & Co. and the Financial Post newspaper.
That's the second-highest quarter on record in terms of value and was largely driven by the announcement of aluminum producer Alcan Inc's US$38.1 billion purchase by Anglo-Australian metals giant Rio Tinto. Read More.
No comments:
Post a Comment