Posts tagged "Mergers & Acquisitions"

Travel industry heats up latest mergers and acquisitions

The marriage of two major travel groups in the country is expected to give those in the travel industry more options when it comes helping consumers fly off into the sunset. Those interested in mergers and acquisitions in Canada may be interested to know that Northstar Travel Group recently acquired travAlliancemedia -- a parent company of TravelPulse Canada and TravelPulse Quebec. Suppliers utilize TravelPulse Canada as a major source of event and news coverage within the travel industry.

Mergers and acquisitions: 2 cannabis powerhouses merge

There continues to be increased marriages in the cannabis industry. The latest news in Canada regarding the industry's mergers and acquisitions includes the melding of Cannagistics, Inc. and Unified Cannabis of Canada. The all-stock transaction is expected to create the flagship CBD/Hemp/Cannabis International Vertically Optimized Company (CIVOC). Cannagistics CEO says the new entity will create a unique, profitable international powerhouse in the evolving cannabis industry.

Insurance industry still hot with mergers and acquisitions

The insurance industry continues to be a force to be reckoned with when it comes to business transactions in the country. A company based out of the states is the latest to make news on the mergers and acquisitions front by scooping up a major consulting firm based in Ontario. Hub International Canada's latest acquisition -- GMS Insurance Inc. -- strays from its previous deals last year, which were mainly out of the western part of the country.

Mergers and acquisitions activity helps lessen trade deficit

The trade deficit in the country is getting smaller, according to government statistics. Some of that, experts believe, can be attributed to direct investment in Canada due to increased mergers and acquisitions activity, but also reflects a narrower deficit on goods, according to recent Statistics Canada numbers. The trade deficit is now at the lowest it has been since 2008.

Mergers and acquisitions: Transat, Air Canada deal tightened

The Transat/Air Canada deal continues to heat up. When it comes to mergers and acquisitions in Canada, none has been getting more press than the possible union between the two major airlines. And Air Canada has just upped the ante by $200 million to an increased offer of $720 million. The board of directors at Transat has told its shareholders they should take the deal. 

Mergers and acquisitions: Cybersecurity tops list of concerns

Cybersecurity is of paramount importance in today's business deals. Mergers and acquisitions in Canada fell in the first quarter of this year and much of that is being pinned on increased measures to thwart cyber theft. Both buyers and sellers of businesses are including cybersecurity as being at the top of the list when it comes to business purchases and sales. 

Mergers and acquisitions: Cybersecurity crucial during deals

With more and more insurance companies joining forces, actions are being ramped up to thwart cybertheft. News recently released shows that there have been more mergers and acquisitions in the insurance industry in Canada over the last year. In fact, a well-known mergers and acquisitions advisory firm says there were more than 625 brokerage and agency transactions made public in Canada and stateside last year -- significantly up from 2017.

Mergers and acquisitions: Transat snubs second bidder

A second bidder for one of Canada's major airlines has withdrawn its bid. On the mergers and acquisitions news front recently, Group Mach has withdrawn its offer for Transat A.T. since the company didn't acknowledge its offer despite it being higher than Air Canada's bid. Group Mach offered $14 a share, while Air Canada's offer stands at $13 per share, or $520 million.

Gold prices perfect atmosphere for mergers and acquisitions deals

What's happening in the gold market lately could mean a lot of dealmaking is in the works. Mergers and acquisitions could be on the upswing in Canada's gold mining sector as gold prices continue to soar in the country. Yet on the eve of this news, many companies' stocks were trading down by more than 2%.

Mergers and acquisitions: Investors straying from foreign market

It seems that foreign investors are staying away from Canada. A recent Statistics Canada report indicated that  these investors reduced their holdings in Canada by more than $12 billion. Apparently, some of this decrease has been attributed to cross-border mergers and acquisitions. This has been the most significant decline since 2015.

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