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
Iconic Canadian Investment Firm Jarislowsky, Fraser Limited Sold to Scotiabank
Davies acted for Stephen A. Jarislowsky and S.A. Jarislowsky Investments Inc., the principal shareholders of JFL, in the $1-billion sale of JFL, a leading independent investment firm with approximately $40 billion in assets under management, to Scotiabank. The transaction was completed on May 1, 2018.
The combination will create Canada’s third-largest asset manager with $166 billion in assets under management. The JFL management team will retain investment autonomy and will continue running the business from Montréal, Québec.
The Davies team on this transaction included William Rosenberg, Justin Vineberg, Olivier Désilets, Brian Bloom, Adam Fanaki and Christina Sauro.
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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...
