Financial Characteristics of Acquired Firms in the Canadian Food Industry

Martin S. Beaulieu

No 28024, Agriculture and Rural Working Paper Series from Statistics Canada

Abstract: Mergers and acquisitions represent an important reallocation of resources. In 1998, the value of these transactions jumped to almost $160 billion in Canada. The motives for firms to merge or acquire other firms change for different periods and industries. This study provides a financial profile of Canadian corporations in the food industry that were acquired during the 1996-98 period. Overall, acquired firms did not represent a significant share of the total sales of incorporated Canadian food firms. Firms with balanced (or matched) growth-resources, less liquidity and leverage were more likely to be acquired in 1997 and 1998. Large firms with matched growth resources were also more likely to be taken over.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 28
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:scarwp:28024

DOI: 10.22004/ag.econ.28024

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