The third quarter of 2012 saw 599 announced Canadian M&A transactions worth $58.6 billion. Volumes were down 17% from Q2 2012 and 21% from the same period last year. Conversely, deal values surged 23% over the prior quarter and 16% over Q3 2011. This divergent behaviour is due to the $19 billion pending acquisition of Nexen Inc. (Nexen) by China National Offshore Oil Company Limited (CNOOC). Excluding this transaction, deal values would have declined 17% from Q2 2012 and 22% from the same period last year.
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|Capital Markets Flash: Q3 Report
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