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Results: 1-10 of 161

Weinstein - AiT M&A disclosure case: standard practices confirmed

  • Gowling Lafleur Henderson LLP
  • -
  • Canada
  • -
  • January 17 2008

In early 2002, Bernard Ashe, CEO of Ottawa-based Advanced Information Technologies Corporation (AiT), advised his board that the company was at a crossroads

Ontario Securities Commission provides guidance on material changes and M&A negotiations

  • Torys LLP
  • -
  • Canada
  • -
  • January 24 2008

In its recent decision in AiT Advanced Information Technologies Corporation, the Ontario Securities Commission gives direction to target corporations for determining when a material change occurring during the course of negotiating a merger and acquisition transaction would trigger a disclosure obligation under Ontario securities law

Standstill agreements in auctions lessons from the SunriseVentas decision

  • McCarthy Tétrault LLP
  • -
  • Canada
  • -
  • May 31 2007

A public company will usually use an auction process to put itself up for sale to maximize its selling price

OSC decision: AiT Advanced Information Technologies Corporation, Bernard Jude Ashe and Deborah Weinstein

  • Borden Ladner Gervais LLP
  • -
  • Canada
  • -
  • February 21 2008

On January 14, 2008, the Ontario Securities Commission (the “Commission”) released its decision in AiT Advanced Information Technologies Corporation, Bernard Jude Ashe and Deborah Weinstein

The BCE decisions

  • Norton Rose Canada LLP
  • -
  • Canada
  • -
  • March 10 2008

On Friday, March 7, 2008, the Quebec Superior Court handed down five judgments approving BCE’s plan of arrangement for its privatization and dismissing all claims asserted by or on behalf of certain holders of Bell Canada debentures

BCE decisions increase commercial certainty in Canada

  • Torys LLP
  • -
  • Canada
  • -
  • March 20 2008

The Quebec Superior Court recently released five related judgments approving the proposed privatization of BCE Inc. and dismissing various challenges by Bell Canada bondholders

Treading a minefield: avoiding potential traps in public M&A deals

  • McCarthy Tétrault LLP
  • -
  • Canada, USA
  • -
  • August 30 2007

Two recent decisions of the Delaware Court of Chancery, In re Topps and In re Lear Corporation, consider a number of important legal issues that arise in the context of public M&A transactions

Proposed settlement of class action relating to minority buyout fails to win the approval of the Delaware Court of Chancery

  • Stikeman Elliott LLP
  • -
  • Canada, USA
  • -
  • November 20 2007

Exploratory negotiations towards a going private transaction may well have violated a shareholders' agreement provision barring such discussions unless the Special Committee invited them - ruling suggests that such an invitation may need to be formally issued before negotiations begin, not merely at the point where the price settled on is to be voted on

The BCE transaction in the Québec Court of Appeal: an unexpected hurdle and a potentially significant development in Canadian corporate law

  • McCarthy Tétrault LLP
  • -
  • Canada
  • -
  • May 26 2008

The proposed leveraged buyout of BCE Inc. by a private equity consortium including the Ontario Teachers’ Pension Plan, which is valued at nearly $52 billion and is the largest in Canadian history, has encountered an unexpected hurdle

Recent Delaware decision on cancelling options in M&A transactions

  • McCarthy Tétrault LLP
  • -
  • Canada, USA
  • -
  • November 30 2007

An important consideration in structuring any change of control or merger transaction (particularly all-cash ones), is how best to deal with outstanding options, warrants and other rights to acquire the target’s common shares, i.e., how to ensure that all such options and other rights have been exercised, cancelled or otherwise dealt with in a manner satisfactory to the acquiror on or prior to closing, this being a standard condition in merger transactions