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...
Kansas City Southern/CP Merger Wins M&A Deal of the Year at IFLR Americas Awards
International Financial Law Review recognized Davies for our work on the “M&A Deal of the Year” at the IFLR Americas Awards 2022.
Davies acted as Canadian counsel to Kansas City Southern on its US$31-billion merger with Canadian Pacific Railway – the largest Canadian cross-border deal in 2021 – to create the first U.S.-Mexico-Canada rail network.
The team advising on the transaction included Vincent A. Mercier, Robin Upshall and Andrew Mihalik (Corporate; Mergers and Acquisitions); Mark C. Katz and Dajena Pechersky (Competition, Antitrust and Foreign Investment); Paul Lamarre (Tax); and Seann D. McAleese (Labour, Employment and Executive Compensation).
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As the Pandemic Abates, Activists Advance: Shareholder Activism Rebounds in Canada
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...