Jan. 26, 2024 - Important guidance on “acting jointly or in concert” in a proxy contest was provided by the British Columbia Securities Commission (Commission) in NorthWest Copper Corp. (December 22, 2023). The Commission declined to find a joint actor relationship between a dissident and another...
Announcement
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.
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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...
