Nov. 19, 2024 - In this issue of Insolvency Now, we report on the data trends we are seeing so far in 2024 compared with when we first started tracking data in 2019. Key Takeaways: Overall, we are seeing a marked increase in filings, but we are not yet seeing the level of sector-specific distress...
Announcement
FCF Co., Ltd. Acquires Bumble Bee Foods
Davies acted as Canadian counsel for FCF Co., Ltd. in its US$928-million acquisition of all the assets of Clover Leaf Foods and Bumble Bee Foods, North America’s largest branded shelf-stable seafood companies, under a sale proceeding conducted under the Companies’ Creditors Arrangement Act and the U.S. Bankruptcy Code.
FCF, a Taiwanese company, is one of the world's largest integrated supply-chain service providers to the marine products industry, with 40-plus years of experience in the trading and marketing of tuna products. Clover Leaf Holdings, the Canadian operations of Bumble Bee, houses the company’s Canadian labels: Clover Leaf, Brunswick and Beach Cliff.
The sale closed on January 31, 2020.
The Davies team working on this transaction included Natasha MacParland, Natalie Renner, Emily Uza, Rob Nicholls, Mark Firman, Jim Dinning, Alysha Manji-Knight, Andrew Ellis, Daniel Pearlman and Stephen Dalby.
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Oct. 08, 2024 - The corporate life of a nominee director has been characterized as having the potential to be “neither happy nor long. ” In this Governance Insights article, we discuss the fundamental fiduciary considerations that nominee directors, nominating shareholders and companies should bear in...
