Pipeline deals push mergers and acquisitions featuring Canadian firms to nine-year high in 2016

Mergers and acquisitions involving Canadian companies soared to a nine-year high in 2016, driven by a record string of pipeline deals by energy firms frustrated at home.Pipeline deals – including Enbridge Inc.’s blockbuster acquisition of Spectra Energy Corp. for $42.8-billion (U.S.) including debt – made up more than 70 per cent of the $81-billion in Canadian energy deals announced through Dec. 18, according to data compiled by Bloomberg.

That deal was also the largest of the year in the country and the priciest ever acquisition of a foreign target by a Canadian company, the data show. It followed TransCanada Corp.’s agreement …
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