Canada Woos Investors With Transparency In M&A Review

Law360, New York (April 27, 2012, 6:21 PM EDT) -- A bill floated in Canada's parliament on Thursday would make the government's rationale for approving foreign takeovers more transparent, an attempt to appear friendlier to investors after a pair of recent high-profile deal rejections.

Foreign investment in Canada has fallen sharply since 2008, from $118 billion to just $23 billion in 2010, according to World Bank data. At a time when energy and mining investment opportunities are poised for growth, Prime Minister Stephen Harper's conservative government is hanging a sign on the country's front door: open...
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