Top 10 largest deals included three in the energy sector, which returned to the top slot by value for the first time since Q4 2012
Although Canadian M&A activity in Q1 2014 saw a decline in both deal value and volume from Q4 2013, PwC’s Capital Markets Flash states that due to encouraging signs in the resource sectors, there is reason to be optimistic.
While Q1’s largest deal came out of the pharmaceuticals sector with Forest Labs’ $2.9 billion acquisition of Quebec-based Aptalis Holdings Inc., it was the resource industries that ultimately claimed the spotlight. Of the top 10 deals by value, three were in energy, making it the strongest sector of the quarter for the first time since Q4 2012. And the battle for control of Osisko Mining Corporation between hostile Goldcorp and "white knight" Yamana Gold showed a resurgence of mining activity after a slow period.
Also in this quarter’s Capital Markets Flash: