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
Shaw Communications Enters into Agreement to Sell Shaw Media to Corus Entertainment
Davies acted for Shaw Communications in connection with its sale of Shaw Media to Corus Entertainment for $2.65 billion. Shaw Media owns Global Television Network and 19 specialty channels including HGTV Canada, Food Network Canada and Showcase.
This transaction firmly positioned Shaw as a leading pure-play connectivity provider with an attractive growth profile. The proceeds from this sale were used to finance Shaw’s acquisition of WIND Mobile for $1.6 billion. Davies acted for WIND Mobile on that transaction.
The Davies team on this transaction included Vincent Mercier, Peter Hong, Brett Seifred and Evan Griffith (M&A); Derek Vesey (Financing); Elie Roth and Andrew Ellis (Taxation); and John Bodrug and Jim Dinning (Regulatory).
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Federal Court of Appeal Confirms CRA Can Collect Arrears Interest Despite Absence of a Tax Debt
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...
