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
Stericycle, Inc., to Acquire Shred-it International for US$2.3 Billion
Davies acted as Canadian counsel for Stericycle, Inc., in its acquisition of Shred-it International, a Canadian-based global secure information destruction services provider, for US$2.3 billion in cash.
Stericycle, Inc., a U.S.-based company operating in 13 countries, focuses on compliance and related services. The acquisition of Shred-it enhanced Stericycle's portfolio of compliance solutions and expanded the company’s global reach.
The Davies team for this transaction included Vincent Mercier and Peter Hong (Mergers & Acquisitions); Mark Katz and Anita Banicevic (Competition); and Raj Juneja and Kimberly Brown (Taxation).
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Dec. 04, 2024 - The Federal Court of Appeal (FCA) recently dismissed the Bank of Nova Scotia’s (BNS) appeal and upheld the Canada Revenue Agency’s (CRA) practice of charging arrears interest on a non-existent tax debt where audit adjustments increase taxable income that is offset by the carryback of a loss...
