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
Michelin to Acquire Camso for US$1.7 Billion
Davies acted for Groupe Michelin in its agreement to acquire Camso Inc., a Québec-based off-the-road (OTR) tire maker, for US$1.7 billion.
The two companies will combine their OTR operations into a new division that will be run from Camso’s headquarters in Magog, Québec. The transaction will strengthen Michelin’s global leadership position and create a world leader in the OTR sector, supported by 26 plants and approximately 12,000 employees.
The Davies team on this transaction was led by Franziska Ruf and included Fotini Gagaoudakis, Christina Sauro, Xavier Plamondon, Michael Kandev, Sarah Powell, Alex Pike, Jessica Bullock, Rachel Lee and Mark Katz.
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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...
