Neill May quoted in "Mergers on pause in Canada, top deal makers say", The Globe and Mail
|Area||Mergers and Acquisitions|
Excerpt from "Mergers on pause in Canada, top deal makers say", Jeff Gray:
Neill May of Goodmans LLP says despite the current pause in the action, the mining sector is expected to be a strong source of deals. Companies are now kicking the tires of potential purchases, he said.
There is a lot of talk in the business, he says, about impending mining mergers. Commodity prices are still relatively high and rising, giving the industry's global titans big cash reserves.
"The money is burning a hole in their pocket," Mr. May said. "The chatter is incessant and, in fact, deafening."
He adds that he doesn't think Chinese buyers will limit themselves to stereotypical Canadian assets like mines and oil wells, based on his Chinese clients' tastes: "I don't think China's on the prowl, like in the press, just for energy and commodities. I think it is on the prowl for anything and everything."
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