mergers & acquisitions Archives

Mergers and acquisitions: Gold mine looking for new owner

A Canadian gold company is searching for a new owner. Gold Mine Inc. is working with an investment bank to find parties interested in inking a deal amid its growing costs and operating issues. It is not averse to a mergers and acquisitions-related deal and is looking at all options including the divestment of certain mines it owns and operates in Canada and the United States. New Gold has struggled to make targets at its main mine in Ontario. 

Mergers and acquisitions: Are cannabis, alcohol hooking up?

Will alcohol and cannabis be a marriage made in heaven? Many in the business world of mergers and acquisitions in Canada are thinking that may be the case. Alcohol company Constellation Brands Inc., based out of the United States has recently invested $5 billion in Canopy Growth Corp., the producers of pot in Canada. Experts are speculating there are more of these types of deals on the horizon. 

Mergers and acquisitions: Deals in Canada on the rise

Many Canadian companies are looking internationally to secure deals. Mergers and acquisitions in Canada are robust, hitting $93 billion in the first part of this year. It seems the upswing is due to the burgeoning cannabis industry, real estate and energy areas. A recent review of PricewaterhouseCoopers in Canada suggests deals stateside have increased by 8 per cent, while there have been more than 160 outbound international deals struck.

Mergers and acquisitions: Group wants aeroplane business

Two Canadian banks along with the nation's airline made a hostile bid recently for the Aeroplan rewards program of Aimia Inc. The bid, worth $2.25 billion, and which involves Air Canada, rocked the world of mergers and acquisitions in Canada. The bid was a shocker in the business world since about a year ago Air Canada said it would be cutting its ties with Aimia to start its own reward program.

Mergers and acquisitions: Company receives $10M termination fee

A medical marijuana grower in Aylmer has been paid $10 million after it was pushed aside in a business deal. In terms of mergers and acquisitions deals, the Ontario grower was set to merge with a larger foreign company in what would have been a $240-million deal. The other company inked a deal with the nation's biggest grower instead.

Mergers and acquisitions: Insurance companies looking healthy

The nation's three largest insurance companies are seeing real action in many respects. At their annual general meetings recently Canada's Great-West Lifeco, Manulife and Sun Life Financial presidents let their shareholders and employees know about what's been happening. In the world of mergers and acquisitions, Great-West Lifeco is on the acquisitions trail, Manulife is focused on customer service, while Sun Life continues to grow.

Mergers and acquisitions: Biggest oil patch deal of the year

It is the biggest deal of the oil patch this year, yet investors are not exactly smiling. In the world of mergers and acquisitions in Canada, Baytex and Raging Rivers' $2.8B merger is big news. But it has been met with a chilly reception from investors.

Mergers and acquisitions: The grass seems to be greener in Canada

It seems Canada is leading the way in the burgeoning global cannabis market. Business experts predict that there will be more mergers and acquisitions in the coming year. But being number one comes with some responsibilities. Other countries are looking to Canada to set the stage for the legalization of cannabis in other areas and global investors are watching intently.

Mergers and acquisitions: Energy companies need a shock

Some business experts are making it clear that there is only one solution for the energy sector that has taken a hard hit in the recent past. There are analysts in the world of mergers and acquisitions in Canada who are saying energy companies should think about merging or they'll face possible extinction. These suggested mergers may induce a jolt of energy into the sluggish market and even though it won't be an overnight panacea, it could spell good news for shareholders in the long run as well.

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