Jan. 26, 2024 - Important guidance on “acting jointly or in concert” in a proxy contest was provided by the British Columbia Securities Commission (Commission) in NorthWest Copper Corp. (December 22, 2023). The Commission declined to find a joint actor relationship between a dissident and another...
Davies Advising Canaccord Genuity Group Inc. on Proposed Takeover Bid
Davies is advising the special committee of the board of directors of Canaccord Genuity Group Inc. in connection with management’s proposed takeover bid for the common shares of Canaccord.
The proposed offer will not formally commence until a takeover bid circular is filed and mailed, and must remain open for acceptance for a minimum of 105 days.
The Davies team advising Canaccord Genuity Group Inc. comprises Vince Mercier, Zain Rizvi, Shefali Sood, Jordan Lavi and Zach Hershenfeld (Corporate/Public M&A).
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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...