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ARTICLE · 09 NOVEMBER 2007

Impact Of The Credit Squeeze On M&A

Blake, Cassels & Graydon LLP
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Crisis for some is quite often opportunity for others. Record-breaking levels of Canadian M&A activity in 2006 had continued through the first half of 2007

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Article by Craig Thorburn and Peter Viitre, © 2007, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Business Law, October 2007

Crisis for some is quite often opportunity for others.

Record-breaking levels of Canadian M&A activity in 2006 had continued through the first half of 2007. However, since the onset of the credit squeeze in the summer, there has been a marked decrease in the number and, in particular, the size of Canadian M&A transactions.

Today, purchasers with cash on hand, readily available credit or their own shares issuable as consideration may find targets available with less competition or at lower prices than before the advent of the credit crunch.

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