Deals
It's Merger Mania for Canada as Deals Reach Record $83 Billion
- About 18 deals were in excess of $1 billion through March 30
- Canadian firms bought record $58 billion of foreign targets
Merger Mania for Canada as Deals Reach Record $83B
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Canadian companies hunting for growth abroad drove mergers and acquisitions to a record $83.4 billion in the first quarter of 2016, including an unprecedented four deals of more than $5 billion each.
The value of deals involving Canadian firms through March 30 surpassed the previous peak of $62.3 billion in 2007, which eventually became the busiest year on record for Canadian M&A, according to data compiled by Bloomberg.