April 07, 2021
As the COVID-19 vaccination program continues to roll out across the country, corporate Canada’s decision-makers are using this positive sentiment and a trend of megadeals may soon be on the horizon.
The Globe and Mail reports Canadian companies are “launching takeovers at record-setting clip”, expecting this pace to continue for the foreseeable future.
Co-head of Torys’ M&A practice John Emanoilidis spoke with the Globe about this “deal-making boom”, saying that once there confidence can be felt at the top of a company, deals tend to follow.
“Market sentiment changed last fall,” John said.
“The level of confidence surged among CEOs and boards, and that always bodes well for transformative deals.”
“Many of the deals you’re seeing now reflect CEOs and boards revisiting plans that were already in the works, prior to the pandemic.”
Learn more about our mergers and acquisitions activity on the practice page.