March 21, 2017
Partner and co-head of the M&A Practice, Cornell Wright, was featured in a Law Times article to discuss the current state of M&A in relation to the Trump presidency. Despite the overall positive outlook for M&A activity in 2017, the article cites the “unpredictability of the new U.S. president” is a cause for caution. Trump’s approval for the re-submission of the Keystone XL pipeline proposal is an optimistic sign, but players in the M&A field remain wary in these “early days” of any other policy changes that Trump has expressed he wants to tackle under his administration will have an effect on dealmaking. In an excerpt below, Cornell weighs in on the discussion.
Cornell Wright, a partner at Torys LLP in Toronto, says that certainty and stability are what the business community in Canada and the U.S. are always seeking.
“It certainly is a volatile time south of the border,” says Wright, co-head of the M&A practice at Torys, in terms of the political situation.
“At the same time, key drivers of deals such as the performance of the markets is quite bullish. On a macro level, all of the conditions are favourable,” he notes.
To read the full article on Law Times, click here.
Read more from Cornell on the M&A landscape in Canada in his article “Deal Litigation Puts Growing Pressure on Financial Advice.”