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
Mergermarket Ranks Davies No. 1 in Canadian Deals by Value for 2021
Davies has topped the list of firms in Mergermarket’s Canada League Tables for 2021 with the highest deal value in Canadian M&A transactions.
In addition, Davies is the only Canadian firm ranked in the following for 2021:
- Bloomberg’s Top 20 in Cross-Border Announced Deals by Value
- Refinitiv’s Top 25 by Value in (i) Global Principal Advisors Completed; (ii) Global Announced Including Withdrawn tables; (iii) Any US Involvement Completed; and (iv) US Target Completed tables
Included among our notable transactions over the past year are the following:
- Kansas City Southern’s US$31-billion merger with Canadian Pacific Railway – the largest Canadian cross-border deal in 2021
- Shaw Communications’ C$26-billion merger with Rogers Communications – the largest Canadian deal in 2021
- Agnico Eagle Mines in its merger of equals with Kirkland Lake Gold to create the third largest gold company in the world with a market cap of US$30-billion in one of the largest deals ever in the Canadian gold sector
- Cominar REIT’s C$5.7-billion sale to Iris Acquisition II LP, a consortium led by Canderel Real Estate Property Inc.
Related
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...
