The climate of mega-mergers and acquisitions that has characterized recent economic activity has re-ignited the debate that Canada's economy is being taken over by foreign interests or "hollowing out."
The Report on Business looked at this issue in a six-part series. Here is the series overview.
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Saturday: An Overview: Canadian companies are being swallowed up by foreign rivals at a record pace. Is it the end of Corporate Canada as we know it? Monday: Anderson & Devon: Anderson Exploration's executives lost their jobs when Devon Energy bought the company. So they started a new business in the same building. Tuesday: Discreet & Autodesk: Six years after it was bought out, Discreet Logic lives on as a software brand. And so does the entrepenurial spirit of its former staff. Wednesday: Newbridge & Alcatel: Nine executives were let go when Alcatel took over Newbridge in 2000. Almost everyone found their way into new tech enterprises. Thursday: MacBlo & Weyerhaeuser: Noranda's takeover of MacMillian Bloedel was the turning point in Vancouver's passing from a proprietor town to a branch office town. Friday: Labatt & AmBev: Labatt found a happy union with a new Belgian owner. Then the parent merged with Barzil's AmBev, and the culture changed again. |
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