Dec. 19, 2024 - Despite a strong start to the year, activist activity in Canada in 2024 tapered to pre-pandemic levels. This reversion to more historic annual totals follows a notable resurgence of shareholder demands directed at Canadian public companies in 2023, when shareholder engagement reached its...
Announcement
Alstom to Acquire Bombardier Transportation
Davies is acting as Canadian counsel to Alstom S.A. in its acquisition from Bombardier Inc. and Caisse de dépôt et placement du Québec (CDPQ) of 100% of Bombardier Transportation Inc., valued at €7.15 billion, to be paid through a combination of cash and newly issued Alstom shares.
Pursuant to the terms of the transaction, CDPQ, a highly regarded Québec pension fund manager and strategic investor, will become the largest shareholder of Alstom with 18% of capital.
The transaction will be subject to, among other things, clearance from relevant regulatory authorities and antitrust authorities. Closing is expected in the first half of 2021.
The Davies team working on this transaction includes William Rosenberg, Vincent Mercier, Franziska Ruf, Fotini Gagaoudakis and Olivier Désilets (Corporate/M&A); Brian Bloom (Tax); Alexandria Pike (Environmental); Elisa Kearney, John Bodrug and Jim Dinning (Competition); and Louis-Martin O’Neill and Faiz Lalani (Litigation).
Related
Governance Insights: Nominee Directors – Fiduciary Obligations and the Limits of Information Sharing
Oct. 08, 2024 - The corporate life of a nominee director has been characterized as having the potential to be “neither happy nor long. ” In this Governance Insights article, we discuss the fundamental fiduciary considerations that nominee directors, nominating shareholders and companies should bear in...
