Posted AT 1:01 PM EST on 12/01/09
Canadian M&A deals plummet 50% in 2008
TORONTO — The value of mergers and acquisitions by Canadian companies fell 50 per cent in 2008 to $131.5-billion (U.S.) as the credit crunch took the wind out of deal makers' sails, according to a study by accounting firm KPMG.
In the 1,972 deals that did occur in 2008, the metals, mining and oil and gas sectors remained the dominant sectors, representing about 55 per cent of the total deal value, the firm said.
The full text of this article has 264 words.
To continue reading this article, you will need to purchase this article.
This article is NOT available for licensing for re-use and redistribution.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
