Mega-merger mania is back. We’ve forgotten all its woes
Looking back on the global financial crisis, we often blame mortgage fraud, reckless bankers and lazy regulators for the ruin, omitting that we’re partly to blame for believing empty promises of
housing and stock market returns.
Let’s be sure to remember that during the current merger boom.
In 2015, the total value of mergers and acquisitions set a global record, reaching $4.7-trillion (U.S.). Many Canadians failed to notice, because our biggest buyers were domestic pension funds and Brookfield Asset Management, which inked most of their transactions abroad. But they’re now paying attention as blue-chip Canadian companies, such as our biggest banks and pipeline companies, strike deals – the total values of which keep on soaring.
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Follow Tim Kiladze on Twitter: @timkiladze