Canadian M&A Perspectives Private and Public Mergers & Acquisitions | Private Equity

Monthly Archives: December 2011

The Battle for Prime Restaurants Inc. Ends Without Much Sizzle, but Leaves M&A Lawyers With Something to Chew On

By Waleed Elgohary on Posted in Public M&A, Shareholders

The recent battle for Prime Restaurants Inc. (PRI) between Cara Operations Limited (Cara) and Fairfax Financial Holdings Limited (Fairfax) settled, which allowed PRI to sign a new acquisition agreement with Fairfax. Before the parties had agreed to settle, PRI asked the court to determine whether the Fairfax proposal was in fact a “superior proposal” to… → Read More

Amending Interim Order and Circular for a Superior Proposal – Plan of Arrangement Leftovers

By Cristian Blidariu on Posted in Public M&A

The proposed acquisition of Prime Restaurants discussed in this recent post by Robert Hansen continues to whet our blogging appetite. Prime had initially signed a friendly deal to be acquired by Cara Operations via a plan of arrangement and put out a proxy circular dated November 10th with a record date of November 4th and a shareholders meeting… → Read More

Canadian M&A Activity in the United States Reaching Historic Levels in 2011

By Genevieve Pinto on Posted in Public M&A

Despite continuing economic uncertainty in 2011, the pace of Canadian M&A activity in the United States so far this year has reached historic levels, according to a recent study published by PricewaterhouseCoopers (PwC). Year to date (up to November 14, 2011), Canadian entities were involved in 385 acquisitions of US firms, representing a total transaction… → Read More

Stretching the Umbrella: 5 Tips for Preserving Privilege in a Complex Transaction

By Tyler McAuley on Posted in Strategy

Good communication within a deal team can be the linchpin of a successful transaction. Equally important, however, is the need to preserve privilege and ensure that sensitive information is insulated from any subsequent litigation. Balancing these two demands in a complex and fast moving transaction can be cumbersome, complicated and fraught with risk. Fortunately, recent developments in… → Read More