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Canadian Bankruptcies Yield PE Deals.
- Source :
- Investment Dealers' Digest; 10/2/2009, Vol. 75 Issue 37, p24-24, 1p
- Publication Year :
- 2009
-
Abstract
- The article discusses the implication of the amendments made to Companies' Creditors Arrangement Act (CCAA) to the Canada's bankruptcy administration process. It mentions that the act paves the way for U.S. private equity firms to carry out numerous cross-border acquisitions of bankrupt firms in the area. It affirms that such activity has also sets the trend of purchasing distressed assets by financial buyers.
- Subjects :
- DEBTOR & creditor
BANKRUPTCY
MERGERS & acquisitions
FINANCIAL institutions
Subjects
Details
- Language :
- English
- ISSN :
- 00210080
- Volume :
- 75
- Issue :
- 37
- Database :
- Complementary Index
- Journal :
- Investment Dealers' Digest
- Publication Type :
- Periodical
- Accession number :
- 44751334