Jan. 26, 2024 - Important guidance on “acting jointly or in concert” in a proxy contest was provided by the British Columbia Securities Commission (Commission) in NorthWest Copper Corp. (December 22, 2023). The Commission declined to find a joint actor relationship between a dissident and another...
Announcement
Davies Acts for Sleep Country in its C$1.7-billion Sale to Fairfax Financial Holdings Ltd.
Davies is acting for Sleep Country Canada Holdings Inc. in its C$1.7-billion sale to 16133258 Canada Inc., a newly formed and wholly owned subsidiary of Fairfax Financial Holdings Limited. The sale is being implemented by way of a court-approved plan of arrangement under the Canada Business Corporations Act.
Sleep Country is Canada’s leading specialty sleep retailer which operates under the retail banners Sleep Country Canada, Dormez-Vous, the rest, Endy, Silk & Snow, Hush and Casper Canada.
Fairfax is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.
The Davies team included: Jennifer Grossklaus, Mathieu Taschereau and April Citter (Corporate/Public M&A); Anita Banicevic and Umang Khandelwal (Regulatory); Sharon Ford (Tax); and Pawel Mielcarek (Real Estate).
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Jan. 10, 2024 - What is a spurned seller’s recourse when a buyer walks away from a deal in breach of the purchase agreement? In private M&A, the answer is reasonably straightforward: sue the buyer to close the deal or to recover damages. In public M&A, however, the answer is murky at best. The problem arises...
