Jan. 15, 2020 - The official Annual Report under the Investment Canada Act (ICA) for the fiscal year 2018-19 was released at the end of 2019. This document sets out various statistics and other noteworthy developments during that time frame (i.e., April 1, 2018 to March 31, 2019) relating to the two...
Barrick Buys Randgold to Create World’s Largest Gold Miner
Davies acted for Barrick Gold Corporation in its US$18.3-billion share-for-share merger with Randgold Resources Limited.
This multijurisdictional transaction created an industry-leading gold company with the greatest concentration of tier one gold assets in the industry and a diversified asset portfolio positioned for growth. The transaction was subject to shareholder and other approvals, and closed on January 1, 2019.
The Davies team on this transaction included Melanie Shishler, Robin Upshall, Richard Fridman, Steve Cutler, Andrew Mihalik, Jessica Bullock, Chris Anderson, Geoffrey Turner, John Bodrug, Jim Dinning and Jean Teboul.
Dec. 23, 2019 - In his own version of the pre-holiday rush, the Canadian Commissioner of Competition has in the last several days challenged one merger transaction and entered into a consent agreement to preserve assets pending his review of another. The Commissioner’s latest actions reflect and reinforce the...