Sept. 30, 2019 - Canada’s Competition Bureau is actively seeking and reviewing smaller acquisitions that may not exceed pre-merger notification thresholds under the Competition Act but that may nonetheless raise substantive competition issues. The Bureau’s demonstrated interest in evaluating smaller mergers...
Aecon Selling All Issued and Outstanding Shares to CCCI
Davies is representing Aecon Group Inc. (Aecon), a leading provider of Canadian construction services, in its $1.5-billion acquisition by CCCC International Holding Limited (CCCI). CCCI is the overseas investment and financing arm and a wholly owned subsidiary of China Communications Construction Company Limited (CCCC).
Aecon will retain its name and will continue to be headquartered in Canada and led by its Canadian management team, but will gain significant capabilities and financial strength by joining the world’s largest network of engineering and construction companies.
In exchange, CCCI will acquire all of the issued and outstanding common shares of Aecon, for $20.37 per share in cash, and will advance its global growth strategy.
Sept. 24, 2019 - The Supreme Court of Canada has released its long-awaited decision in two companion appeals that have significant implications for class actions alleging conduct that contravenes the criminal provisions found in Part VI of the Competition Act (Act). In its decision in Pioneer Corporation...