Number of $5 billion-plus takeover deals hits record

November 20, 2015 11:08 AM

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LONDON Nov 20 A bumper North American railroad bid and three other big tie-ups announced this week have taken the number of takeover deals worth $5 billion or more to a record 128 this year, according to Thomson Reuters data.

Pacific Railway's bid for rival Norfolk Southern Corp. on Tuesday would be the biggest ever Canadian acquisition in the United States, and lifted this year's Canada-U.S. M&A activity to $104.1 billion, surpassing all other years.

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