September 08, 2016
Partner and co-head of our M&A Practice John Emanoilidis was sought by Bloomberg for his insight on the increase in outbound M&A involving Canadian companies in U.S. energy companies. Below is an excerpt of the article.
The growth in outbound transactions by Canadian companies, including those in energy, comes from a combination of low interest rates, a need to find growth outside of the low-growth Canadian economy, and several corporate buyers calling a bottom in the commodity cycle, according to John Emanoilidis, a partner and co-head of the M&A practice at Torys LLP in Toronto.
"The Canadian market is only so large and when you’re looking to grow, you need to look outside," he said by telephone. "The U.S. market has been a natural destination for Canadian acquirers."
To read the full article, click here.