Last year saw a resurgence in mergers and acquisitions activity as financing markets opened, the world economy improved and chief executives became more confident. Total mergers and acquisitions volumes were up about 21 per cent. They could have been up much more had Industry Minster Tony Clement not quashed the biggest deal of all of them, BHP Billiton's blockbuster bid for Potash Corp. of Saskatchewan, which alone was almost as big as the next 10 deals combined.
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