Jan. 10, 2024 - What is a spurned seller’s recourse when a buyer walks away from a deal in breach of the purchase agreement? In private M&A, the answer is reasonably straightforward: sue the buyer to close the deal or to recover damages. In public M&A, however, the answer is murky at best. The problem arises...
Announcement
Davies Named Canada M&A Legal Advisory Firm of the Year by Mergermarket
Davies has been named Canada M&A Legal Advisory Firm of the Year – the sole prize awarded to a Canadian law firm – at Mergermarket’s inaugural North America M&A Awards.
Senior M&A partner Melanie Shishler accepted the award on behalf of Davies at the virtual awards ceremony on June 17, 2021.
Known for bringing a precise balance of creativity and practicality to our clients’ most critical deals, we’ve recently acted for:
- Kansas City Southern in its approximately US$31-billion merger agreement with Canadian Pacific Railway Limited – the largest Canadian M&A transaction to be launched this year
- Roxgold Inc. in its C$1.1-billion business combination with Fortuna Silver Mines Inc. to create a premier growth-oriented global intermediate gold and silver producer
- Shaw Communications Inc. in its agreement to sell all of its issued and outstanding Class A and Class B shares valued at C$26 billion to Rogers Communications Inc. – the largest M&A deal announced in 2021 for a Canadian target and the 12th largest in history
- French train manufacturer Alstom S.A. as Canadian counsel in its €4.4-billion strategic acquisition of Bombardier Transportation, which closed in January 2021. With the closing of the deal, the Caisse de dépôt et placement du Québec became Alstom’s main shareholder, with 17.5% of Alstom’s share capital.
Mergermarket’s North America M&A Awards recognize excellence in M&A advisory work and are based on both U.S. and Canadian league tables and rigorous analysis by a panel of expert judges.
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Oct. 20, 2023 - Canadian shareholder activism continued its post-pandemic resurgence into the first half of 2023. Emerging trends include the “activist swarm,” where multiple—yet uncoordinated—activists converge on a single target with competing demands. Activism has also been on the rise in response to M&A...
