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Q3-2013 Canadian M&A activity: the results are in

The results are in for Q3-2013 Canadian M&A and the outlook is decidedly mixed. While Q3 M&A activity rose sharply on a value basis as compared to Q2-2013, Q3 volume was down from last quarter and overall 2013 M&A remains in a slump at the lowest levels in nearly a decade. Mergermarket’s Canadian M&A trend … Continue reading

Webinar – M&A in 2013: Investment banking engagement letters

Join us on Thursday, October 17, 2013, for a webinar on investment banking engagement letters. This program will review key elements of an M&A investment banking engagement letter and provide practical advice and guidance for drafting and negotiating these engagement letters. Register now Topics will include: transactions covered by the engagement scope of services advisor compensation … Continue reading

Mining M&A: PricewaterhouseCoopers Mid-Year Report

PricewaterhouseCoopers released a 2013 mid-year report on global mining deals. The report, Deals in the Dumps, focused on key trends and changes that have emerged in mining M&A throughout 2013. From a purely numbers perspective, the report noted that M&A activity in the mining industry has been slow thus far in 2013. There were 649 … Continue reading

Canadian M&A Trends in Q2-2013: The Numbers

Canadian M&A activity improved slightly in the second quarter of 2013 but still remained below traditionally “normal” levels, according to a report recently published by Crosbie & Company. Nonetheless, a number of large transactions brought up the total value of Q2 M&A deals to the third highest sum in 8 quarters. According to Crosbie, 234 … Continue reading

Global M&A Market Overview: First Half of 2013

Following the declined levels of Canadian and worldwide M&A activity experienced in Q1 2013, the big question for Q2 results was whether deal-making levels would continue to lag behind the 2012 numbers. Houlihan Lokey, a global investment bank, recently released its M&A Market Overview report for the first half of 2013, confirming some of the … Continue reading

Q2 2013 M&A Trends

Canadian M&A Q2 2013 results have not provided the desired relief from lacklustre Q1 results. However, while not much of the lost ground was gained, the sharp decline in M&A activity experienced in the first three months of 2013 appears to have subsided. According to Bloomberg’s recently published M&A Rankings, these results are in line … Continue reading

Trends in Q3 M&A activity

Canadian M&A activity was down sharply in Q3, but the proposed $15.1 billion takeover of Nexen Inc. by China National Offshore Oil Company Limited drove the overall value of deals up 23% over Q2 and 16% over Q3 2011.  PricewaterhouseCoopers (PwC) recently released its report, Capital Markets Flash: Q3 Canadian M&A Deals Quarterly, which outlined … Continue reading

Increasing focus on M&A alternatives

With increasing cash reserves and a stagnant economy, firms are looking for alternatives to M&A for excess cash, including returning capital to shareholders by way of repurchase, dividend and debt reduction. According to the Thomson Reuters fourth annual Outlook for Investment Banking Services Survey, as valuations continue rising in the Americas, firms are becoming less interested in using … Continue reading

Q3 M&A Trends

Thomson Reuters recently released its Q3 Mergers & Acquisitions Review – Financial and Legal Advisory Review. Overall, worldwide M&A totalled US$455B, but was down 16% from 2011, with quarterly activity down 13%. The United States was the biggest contributor to Q3 M&A activity, accounting for 43% or US$195B of the worldwide total. Despite the general … Continue reading

M&A Trends for Q2

 Yesterday Price Waterhouse Cooper released its Q2 M&A report on the 721 deals worth $47.7 billion announced in that quarter, and there were a few surprises. Although deal volumes, as expected, declined 7% over Q1 and 14% over Q2 2011, many Canadian entities are focusing on foreign markets, including Europe. In Q2 Canadian acquisitions into … Continue reading

Canada’s approach to the Eurozone crisis

The most recent EU summit took place in late June, leading to an agreement among leaders to create a joint banking supervisory body for the Eurozone and implement a planned bailout fund for struggling banks.  While analysts have applauded these steps as key achievements toward steadying markets in both the short and long term, questions … Continue reading