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...
Sentry Investments Corp. Selling All Outstanding Shares to CI Financial Corp.
Davies represented Sentry Investments Corp. (Sentry), one of Canada’s leading independent investment managers, in its $780-million acquisition by CI Financial Corp.
The acquisition combined two of Canada’s largest independent active asset managers and increased CI’s assets under management by 16% to approximately $140 billion when it acquired all of the outstanding shares of Sentry and its subsidiary Sentry Investments Inc.
In exchange, $780 million was payable to Sentry – $230 million in cash and the balance in CI shares.
Mar. 20, 2020 - The Canadian Competition Bureau and the Canadian Competition Tribunal have each issued public statements outlining how the COVID-19 pandemic is affecting their respective operations. While the Bureau remains open for business, with staff operating remotely where possible, the Bureau acknowledges...