Pacific Railway’s bid for rival Norfolk Southern Corp. on
Tuesday would be the biggest ever Canadian acquisition in the
United States, and lifted this year's Canada-U.S. M&A activity
to $104.1 billion, surpassing all other years.
The week's next biggest M&A deal was a $13.4 billion tie-up
between France’s Air Liquide and U.S. peer Airgas.
Those deals pushed worldwide announced takeover deals above $4
trillion this year for only the second time in history, after
the record M&A year of 2007, according to Thomson Reuters data.
They also helped take the number of deals worth more than $5
billion above the previous record of 125 from eight years ago.
U.S. banks Goldman Sachs, Morgan Stanley and JP Morgan have all
advised on deals worth more than $1 trillion, the data showed.
(Reporting by Steve Slater; Editing by Mark Potter)
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