Ensign moves up Trinidad bid deadline; target prefers Precision Drilling offer
Ensign insists the cash value of its offer of about $470 million now outweighs the all-shares offer by Precision.
Parmalat to acquire Kraft’s natural cheese division for $1.62B
Parmalat to take over cheese brands Cracker Barrel, P’tit Quebec and Amooza.
Encana to buy Newfield Exploration in all stock deal, plans to raise dividend
Encana will assume US$2.2 billion of Newfield debt.
Oilsands target MEG formally rejects Husky Energy’s $3.3B takeover bid
MEG says the offer “significantly undervalues” its shares and is not in the best interests of the company.
Canopy Growth buying Ebbu in deal worth more than $425M
Pot firm Canopy will pay $25 million in cash and issue 6,221,210 shares to Ebbu.
Global executives cooling on deals amid trade uncertainty
EY found only 46% of executives are planning a takeover in the next 12 months.
Oilfield services M&A picks up as battered drillers seek lower costs, scale
Drillers and service companies are rehiring staff and redeploying equipment after cutting costs to the bone during the downturn.
Growing your business
Options for buying or partnering up.
GE completes $10.6B acquisition of Alstom’s power division
Power and water division officials say the purchase will take advantage of complementary strengths in technology and global capability.
Companies looking for takeovers to cushion global slowdown: survey
Deal values are already up 35% on 2014, according to EY.
Ballard acquires power management product developer Protonex
Deal is worth $30 million; expected to close in Q3.
3M buying Capital Safety from KKR for $1.8B
Transaction includes approximately $700 million in debt; expected to close in Q3.
EHT to acquire modular housing manufacturer EVIA
Cash and stock deal worth $46.7 million.
PC chip giant Intel to buy Altera for $17B
Altera makes chips used in phone networks and cars, an area Intel is targeting for growth.
Record number of Canadian businesses looking at deals
EY survey reveals there’s opportunities for strategic and innovative deals despite iffy economic sentiment.
After the LOI
How to avoid blowing the deal.
Bain Capital acquires TI Automotive
Existing management team will continue to lead the company when deal closes in coming months.
Packers Plus acquires Texas-based ReTek Energy Products
Will be incorporated into Packers’ US manufacturing department and deliver product globally.
Platform Specialty to buy crop chemical-maker Arysta for $3.51B
Deal expected to close in Q1 2015.
Business for sale
Watch for a paradigm shift as boomers retire.
Magna acquires automotive supplier Techform Group
Enhances portfolio with hinge and wire forming technologies.
Eastman Chemical buying Taminco for $1.73 billion
Deal is expected to close in the fourth quarter.
Regulators move to harmonize, strength rules in hostile takeover bids
Among major changes, bids would have to remain open for at least 120 days, up from 35.
Canadians often aggressors in merger & acquisitions: report
Canadians acquired 4,787 foreign-owned businesses between 2004 and 2013.
Most startups hope to be acquired within three years: PwC
Survey reveals 78% of of emerging companies are looking at some sort of exit strategy, up from last year’s 44%.
ShawCor buying Houston firm in deal worth US$260M
Deal is expected to close in the third quarter.
5N Plus acquires metallic powders manufacturer
AM&M manufactures micron size metallic powders for electronic components.
Quiet first quarter for Canadian M&A, but return of resource deals encouraging
Three of top 10 deals by value were in energy, making it the strongest sector of the quarter for the first time since 2012.
Crescent Point to buy CanEra Energy in deal worth $1.1B
As a result, the company expects to finish the year with production of 145,000 boepd, up from 135,000.
Mattel buying Canadian toy maker Mega Brands for US$460M
The Montreal-based company makes the Mega Bloks construction sets, which compete with Lego.
Summit Helicopters acquires Kamloops CC Helicopters
CC specializes in oil and gas exploration, forest survey and protection, and power line support.
Alterra Power completes acquisition of Shannon Wind Project
Financing for the 202-megawatt project in Texas is projected to be finalized by the second quarter.