Mar. 27, 2020 - Disruptions to businesses in Canada and across the globe as the COVID-19 public health crisis continues to unfold are raising a variety of competition law issues that will need to be managed in responding to challenges and opportunities associated with the ongoing pandemic. We highlight some of...
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.
Mar. 23, 2020 - The COVID-19 pandemic has had, and is likely to continue to have, a major impact on the global economy as countries implement various levels of “social distancing” and other restrictions on normal activities. In these uncertain times, many businesses may find themselves reviewing their contracts...