Andi Balla|Dec 30, 2010
Canada's economy grabbed a lot of positive attention while much of the rest of the world lingered in recession. So now international companies want a piece of the good life. It will lead to an increase in mergers and acquisitions activity in 2011, lawyers at Stikeman Elliott LLP write in a report looking at likely trends in the M&A market.
The report’s authors, Richard E. Clark and Curtis A. Cusinato, say Canada remains open for business internationally, despite all the hype generated by the government intervention that stopped the takeover of Potash Corp. of Saskatchewan by Australia’s BHP Billiton, citing concern for Canadian national interests.
“In spite of the publicity generated by the Potash case, we believe that the situation was an anomaly rarely to be repeated,” the authors write. “Canada remains open for business in 2011. It will be business as usual for most foreign acquisitions of control of Canadian businesses.”