Canada: Nearly half of companies planning mergers

A survey released Monday by Grant Thornton LLP predicts a new wave of mergers and acquisition in Canada as the data showed that nearly half of Canadian companies are considering deals in the near future.

According to reports, 45 percent of all Canadian executives have said they “seriously considered” at least one acquisition deal in the last year, while 40 percent of the companies said they expect to grow through M&A deals within the next three years.

Reports say the numbers are higher than the global average of 39 percent of executives reporting to have “seriously considered” a deal in the last 12 months, but lower than the US statistics that sit at 55 percent.

Further, Grant Thornton’s survey showed that 84 percent surveyed said their expected M&A deals fall within Canada.

According to the law firm, M&A activity is up globally and is a crucial method for growth within Canada in recent years.

Full content: Financial Post

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