Under the terms of the merger agreement, US$103 million in termination fees go to Avista.
The firm will obtain a listing on the TSX Venture Exchange through a reverse takeover of Phoenix Canada Oil Company Ltd.
High degree of potential M&A activity runs parallel to rising expectations over the state of the world economy.
C.D. Howe Institute report says current process needs streamlining, it’s too long and costly.
26 “troubled children” in court-monitored receivership or restructuring.
Nearly 50% of businesses looking to pursue mergers and acquisitions within next 12 months.
Canada maintains high stake in global M&A activity.
Canadian companies are pursuing growth through acquisitions over the next three years, says a Grant Thornton International Business Report.