December 16, 2013
Partner and co-head of our M&A Practice, John Emanoilidis, provided comment on the landscape of Canadian M&A in 2013 for an article in Listed magazine.
Below is an excerpt of the article.
“You are not seeing M&A activity at levels you have seen in previous years,” agrees John Emanoilidis, a corporate lawyer at Torys LLP in Toronto. “Buyers are much more cautious in making acquisitions.”
While the year-end numbers are still to be tallied, by the end of October, Canada had seen 2,027 deals worth $126.1 billion, according to PwC. Deal volume was trending down about 17% from last year’s 2,448 deals over the same period, while dollar value was down 27%.
To read the full article, click here.