Jan. 10, 2024 - What is a spurned seller’s recourse when a buyer walks away from a deal in breach of the purchase agreement? In private M&A, the answer is reasonably straightforward: sue the buyer to close the deal or to recover damages. In public M&A, however, the answer is murky at best. The problem arises...
Announcement
Davies Named in Two Deals in the 2014 IFLR Deal Yearbook 100
Davies is featured in the inaugural edition of the International Financial Law Review’s Deal Yearbook 100, which describes two deals involving Davies. In the Hudbay Minerals’ C$55-million unsolicited takeover of Augusta Resource Corporation, Davies represented Augusta Resource, in a deal that ultimately resulted in a supported acquisition of Augusta by Hudbay. In the Master Asset Vehicle II notes, Davies represented a group of noteholders in approving and implementing amendments to the structure of MAV II to provide for periodic optional redemptions of certain notes of MAV II and concurrent proportional unwinds and liquidations of MAV II's liabilities and assets.
Further details are available the Deal Yearbook 100 (at pages 12 and 13).
Related
As the Pandemic Abates, Activists Advance: Shareholder Activism Rebounds in Canada
Oct. 20, 2023 - Canadian shareholder activism continued its post-pandemic resurgence into the first half of 2023. Emerging trends include the “activist swarm,” where multiple—yet uncoordinated—activists converge on a single target with competing demands. Activism has also been on the rise in response to M&A...
