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
Hostess Brands Acquiring Voortman Cookies
Davies acted as Canadian counsel to Hostess Brands Inc. in its $425-million acquisition of Voortman Cookies Limited, a leading North American wafer and cookie company, from Swander Pace Capital. The acquisition diversifies and expands Hostess’s product offerings, providing it with a unique competitive position in the large and growing $8.4-billion cookie market.
The deal closed on January 3, 2020.
The Davies team that worked on this transaction included Brett Seifred and Stephen Dalby (M&A); Mark Firman (Employment & Labour); Elisa Kearney and Alysha Manji-Knight (Competition); Sharon Ford (Tax); and Alexandria Pike (Environmental).
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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...
