Deals
Harper Takeover Rules Boon for Canadian Resource Firms
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Energy and mining industries, hammered by a commodity slump, are poised to be the biggest beneficiaries of looser Canadian foreign-takeover rules.
Prime Minister Stephen Harper’s government boosted the threshold at which foreign acquisitions are reviewed, setting it at an enterprise value of more than C$600 million ($498 million). That may free up 121 publicly traded businesses, with a total market value of about C$32 billion, from automatic reviews, according to data compiled by Bloomberg.