June 15, 2020 - With much of the world focused on the immediacy of the COVID-19 pandemic, including its heavy human and economic toll, we have cast our eyes optimistically on the (near, we hope) future when companies regain sufficient confidence to re-enter the public M&A market in large numbers. Although...
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.
June 05, 2020 - Over the past year there has been a noticeable uptick in claims permitted by Delaware courts alleging a failure by directors to make a good faith effort to monitor corporate operations – otherwise known as a Caremark claim.1 A Caremark claim is founded on the principle that...