Sept. 30, 2019 - Canada’s Competition Bureau is actively seeking and reviewing smaller acquisitions that may not exceed pre-merger notification thresholds under the Competition Act but that may nonetheless raise substantive competition issues. The Bureau’s demonstrated interest in evaluating smaller mergers...
Sobeys’ Owner Empire Acquires Farm Boy for $800 Million
Davies acted as counsel to Berkshire Partners in the $800-million sale of food retailer Farm Boy Inc. to Empire Company Limited.
Under the deal, Farm Boy has been set up as a separate company within Empire’s structure with the goal of accelerating its growth in urban and suburban markets. Farm Boy’s co-CEOs, together with members of the company’s senior management team, have reinvested for a 12% interest of the continuing Farm Boy business.
Aug. 14, 2019 - The Tribunal administratif des marchés financiers (Québec’s securities tribunal) issued a split 2–1 decision resulting in a cease trade order on an offer made by Group Mach to acquire 19.5% of Transat A.T. Inc. ’s shares. Certain features of Group Mach’s mini-tender, which was designed to potentially...