Sept. 09, 2020 - Davies has submitted a comprehensive comment letter to the Capital Markets Modernization Taskforce (Taskforce) in response to the consultation report published by the Taskforce on July 9, 2020 (Report). The Taskforce was formed by the Ontario government in February 2020 with a mandate to review...
FCF Co., Ltd. Acquires Bumble Bee Foods
Davies acted as Canadian counsel for FCF Co., Ltd. in its US$928-million acquisition of all the assets of Clover Leaf Foods and Bumble Bee Foods, North America’s largest branded shelf-stable seafood companies, under a sale proceeding conducted under the Companies’ Creditors Arrangement Act and the U.S. Bankruptcy Code.
FCF, a Taiwanese company, is one of the world's largest integrated supply-chain service providers to the marine products industry, with 40-plus years of experience in the trading and marketing of tuna products. Clover Leaf Holdings, the Canadian operations of Bumble Bee, houses the company’s Canadian labels: Clover Leaf, Brunswick and Beach Cliff.
The sale closed on January 31, 2020.
The Davies team working on this transaction included Natasha MacParland, Natalie Renner, Emily Uza, Rob Nicholls, Mark Firman, Jim Dinning, Alysha Manji-Knight, Andrew Ellis, Daniel Pearlman and Stephen Dalby.
Aug. 13, 2020 - The Minister of Innovation, Science and Industry has issued an order, under recently enacted federal legislation, extending several time periods for the national security review (NSR) process under the Investment Canada Act (ICA). The NSR process may be invoked in respect of any...