Dec. 20, 2019 - On December 19, 2019, the Ontario Securities Commission issued an order requiring Hudson’s Bay Company (HBC) to postpone its shareholders’ meeting called to consider a privatization proposal by a group of majority shareholders led by HBC executive chairman Richard Baker and to amend its...
Davies Ranked Top Canadian Adviser by Value in Bloomberg’s Activism League Tables
Davies has ranked as the top Canadian adviser to activists and companies by stake value in Bloomberg’s inaugural Activism Advisory League Tables.
The rankings reflect our status as a leading Canadian adviser to both activist investors and target companies in big-ticket situations. Recent notable activist campaigns on which the team advised include M&G Investment Management Limited in its successful proxy campaign against Methanex Corporation and Mantle Ridge LP in its engagement with Aramark Corporation culminating in the appointment of five new directors and the appointment of a new CEO. The firm also advised on several high-profile defence engagements in 2019, including TransAlta Corporation in the activist campaign, threatened proxy contest and contested meeting by Mangrove Partners; and Knight Therapeutics Inc. in its successful response to the activist campaign, proxy contest and contested meeting led by Medison Biotech Ltd.
The Bloomberg Activism Advisory League Tables are the definitive publication of Activism advisory rankings, representing the top financial, legal, IR and proxy solicitor advisers in the global shareholder activism market.
Nov. 13, 2019 - Staff of the securities regulatory authorities in Ontario, British Columbia, Québec, New Brunswick, Saskatchewan, Manitoba and Nova Scotia (collectively, Staff) has released CSA Multilateral Staff Notice 51-359 ‒ Corporate Governance Related Disclosure Expectations for Reporting Issuers in...