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 review...
Michelin to Acquire Camso for US$1.7 Billion
Davies acted for Groupe Michelin in its agreement to acquire Camso Inc., a Québec-based off-the-road (OTR) tire maker, for US$1.7 billion.
The two companies will combine their OTR operations into a new division that will be run from Camso’s headquarters in Magog, Québec. The transaction will strengthen Michelin’s global leadership position and create a world leader in the OTR sector, supported by 26 plants and approximately 12,000 employees.
The Davies team on this transaction was led by Franziska Ruf and included Fotini Gagaoudakis, Christina Sauro, Xavier Plamondon, Michael Kandev, Sarah Powell, Alex Pike, Jessica Bullock, Rachel Lee and Mark Katz.
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...