How is the Canadian economy's health? One measurement is to examine the number of mergers and acquisitions being sealed across the country. As usual, finance guru, Barry Critchley, Financial Post gives details in a great article in the Financial Post. It sounds as if it is a good time to sell your business:
Crosbie & Co. has
crunched the numbers and the sluggish tone of the Canadian mergers and
acquisitions continued in the recently completed third quarter.
“According to Colin W.
Walker, Crosbie, Strong value in the face
of weak activity partly reflects the fact that that many transactions are
getting done at good valuations. Not only are there generally more buyers
than sellers right now, but buyers are paying up for good quality companies,
added Walker noting that valuations are being stretched because of the
exceptionally attractive financing terms currently available”.
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If you're an aging boomer business owner, selling your company is likely something you're considering. Is now the right time? Many put off this life-altering decision, but by waiting too long these major decisions could be made for you.
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