Acquiring Company
Cerrado Gold
Acquired Company
Ascendant Resources
TorontoTorontoMiningMiningDescription
Cerrado Gold Inc. has successfully completed the acquisition of Ascendant Resources Inc., making Ascendant a wholly owned subsidiary. The acquisition involved the issuance of Cerrado shares to Ascendant shareholders as part of the transaction. Following the arrangement, Ascendant shares will be delisted from the TSX.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed